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MLXchange
Members of the Canadian Real Estate Association are required to abide by a strict Code of Ethics and Standards of Business Practice,
which serves to protect the buying and selling public alike. One of the ethical obligations embodied in the Code requires that
REALTORS disclose who they are representing (or not representing) in a real estate transaction:
A REALTOR shall fully disclose in writing to, and is advised to seek written acknowledgment of disclosure from, all parties
to a transaction regarding the role and the nature of service the REALTOR will be providing to the client versus the
customer or other party to the transaction.
Agency/Client Relationship
A REALTOR representing a client in a real estate transaction works within a legal relationship called agency. As an agent, the
REALTOR owes the client a number of duties including loyalty, obedience of lawful instructions of the client, confidentiality, reasonable
care and skill in performing the tasks required, accounting of all money received, full disclosure of all relevant facts, and nondelegation
of responsibilities. The client, on the other hand, owes the agent a duty of reasonable compensation for the services rendered.
Customer
A party may choose to represent him/herself in a real estate transaction. A party representing him/herself (either as a buyer or a seller)
is referred to as a third party to the client, and a customer to the REALTOR representing the client. Unless otherwise expressly agreed
to in writing, the customer is not expected to pay the REALTOR any compensation. On the other hand, the customer does not have
the protection of the duties which a client in an agency relationship receives from his/her agent. Notwithstanding the foregoing, a
REALTOR assisting a customer has to be honest and ensure that all information provided to the customer is factually correct.
Acknowledgment
Having read and understood this form, I/we acknowledge that:
_____________________________________________________________ _______________________________________________________________________
Customer Witness
_____________________________________________________________ _______________________________________________________________________
Customer Witness
© January 2004 The Alberta Real Estate Association
Informed Dual Agency Consent
(To be completed by the Buyer and attached to the Purchase Contract #_________________)
As required by the Real Estate Council of Alberta's Code of Conduct, a real estate brokerage (including its broker, associate brokers, and
agents) must only act for one party in a transaction, unless there is full disclosure to all parties, and the dual agency is agreed to in
writing. The client must fully understand the implications of dual agency and give an informed consent in writing prior to entering into a
real estate transaction.
Dual Agency
Dual Agency occurs when one brokerage (the Dual Agent) trading in real estate from one or more locations, represents both you and
the seller, or more than one buyer, with respect to the potential purchase of the Property. In such circumstances, the described
fiduciary duties are limited as follows:
The Dual Agent:
(a) will not, without prior written authority, disclose:
(i) to the seller that you will pay a price higher than the offered price (or countered price),
(ii) to you that the seller will accept a price lower than the listed price,
(iii) to the seller the reason that you are buying,
(iv) to you the reason that the seller is selling, and
(v) to you or other buyers the terms and conditions of competing offers;
(b) except as set out in (a), will owe no duty of confidentiality and will disclose to you and the seller all facts known that materially
affect or may materially affect the marketability or value of the Property.
Acknowledgment
I/We acknowledge and agree that:
______________________________________________________________________________________________________________
(Broker, associate broker, agent)
representing ____________________________________________________________________________________________________
(Brokerage)
will be receiving a referral fee of ____________________________________________________________________________________
as a result of
Client Information
Client's Name ___________________________________________________________________________________________________
Address _______________________________________________________________________________________________________
______________________________________________________________________________________________________________
(postal code)
______________________________________________________________________________________________________________
Phone Fax Email
________________________________________________ _____________________________________________________
Signature of Referred Client Witness
________________________________________________ _____________________________________________________
Signature of Referred Client Witness
January 2004
COMMISSION AGREEMENT
(For use when there is no listing agreement in commercial/agricultural transactions)
1. AGENCY DISCLOSURE
This earned commission shall constitute a charge on this Property and gives _______________________________________________________________
(the Brokerage) the right to file a caveat as security for the payment of the commission.
You authorize the Brokerage to deduct this commission payable from the Deposits. If the buyer fails to complete this transaction through no fault of yours, the
lesser of 50% of such Deposits or the real estate commission that would have been payable on completion of this transaction shall be payable to the Brokerage
as alternate compensation.
In the event you fail to complete this transaction, the commission shall be payable as if the transaction had been completed and shall be due on the Completion
Day, as defined in the Real Estate Purchase Contract.
The Seller consents to the collection, use and disclosure of personal information by the Brokerage for the purpose of listing and marketing the Property.
__________________________________________________________ ___________________________________________________________________
Signature of broker, associate broker or agent authorized to sign on behalf Print Name
of the Brokerage
__________________________________________________________ ____________________________________________________________
Seller’s Signature Witness
__________________________________________________________ ____________________________________________________________
Seller’s Signature Witness
January 2004
REAL ESTATE LISTING CONTRACT
EXTENSION/AMENDMENT AGREEMENT
MLS# _______________________________________ Real Estate Listing Contract # ________________________________
TO: _____________________________________________________________________________________________________________________________
Brokerage Name (the “Brokerage”)
My/Our Property known as:
________________________________________________________________________________________________________________________________.
Municipal Address
Plan _________________________________________________ Block ______________________ Lot ________________ Subdivision ________________
_
OR
W. of Range Township Section Part Acres
OR
Condo. Unit No. _________________________________ Plan No. _________________________________ Project Name ____________________________
I/We hereby agree to the following changes with reference to the above listing:
1. Listing Extension:
The expiry date of the said Real Estate Listing Contract is extended until 11:59 p.m. on
________________________________________________________________________________________________________, _________________
2. Price Change:
The asking price for the Property will be changed to $ __________________________________________________________________________
effective as of ____________________________________________________________________________________________, ________________.
3. Other Amendments (if any): _______________________________________________________________________________________________
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
_________________________________________________________ ______________________________________________________________________
Seller Witness
_________________________________________________________ ______________________________________________________________________
Seller Witness
________________________________________________________________________ __________________________________________________________________________________________
Address Seller acknowledges receiving a copy of this Agreement
_________________________________________________________________________________________
Signature of broker, associate broker or agent authorized to sign on behalf of the Brokerage
January 2004
FINANCING SCHEDULE
This Schedule is attached to and forms part of the Real Estate Purchase Contract # ______________________
The Buyer will pay for preparing and registering any security documents l Where there is Seller Financing, the Seller must approve any
regarding the Other Value. assignment of this Contract by the Buyer
Deeded Lands
Assignment of Lease of
__________________________________________________________________ __________________________________________________________________
(postal code) (postal code)
Phone ______________________________ Fax __________________________
Phone ______________________________ Fax __________________________
__________________________________________________________________
Email ______________________________________________________________
Broker, associate broker or agent authorized to represent the Brokerage
GST # ____________________________________________________________ Member of the ____________________________ Real Estate Board (the “Board”)
1. THE PROPERTY
1.1 The Property is the Land, Buildings, Attached Goods (unless excluded) and included Unattached Goods located at (municipal street address): ____
______________________________________________________________________________________________________________________
______________________________________________________________________________________________________________________
(postal code)
1.2 The legal description of the Property is set out below or on the attached Land Description Schedule.
Deeded Lands
W. of Range Township Section Part Acres
Assignment of Lease of
W. of Range Township Section Part Acres
_______________________________________________________ 9.3 Are you aware of any defects in the Property that
are not visible and are either strucutral in nature
_______________________________________________ plus GST.
or a possible health hazard? q Yes q No
6.2 The Brokerage will offer ___________________________________,
Seller’s Initials _________________
plus GST, as compensation to other brokerages for finding a buyer.
7. DEPOSITS 10. DUTIES OF THE SELLER
7.1 All Deposits will be held in accordance with the terms of the signed 10.1 You will pay the Commission to the Brokerage if, during the Term of the
Purchase Contract. The Deposits must be held in trust according to the Contract:
Real Estate Act (Alberta).
(a) the Property is sold, exchanged or otherwise disposed of by you
7.2 You direct the Brokerage, the buyer’s brokerage or the lawyer who
or anyone else;
holds the Deposits to use the Deposits to pay any money owed under
this Contract. Any Commission or Alternate Compensation, plus GST, (b) a person contacts you directly or through a brokerage or inspects
that has been earned by another brokerage and is no longer required the Property and the Property is then sold, exchanged or
to be held in trust shall be paid directly out of a trust account by the otherwise disposed of by you or anyone else to that person within
party holding the Deposits. 90 days after the Expiry Date. This clause will not apply where
you have signed another listing contract after the Expiry Date and
7.3 You assign to the Brokerage enough of the purchase money or
a real estate commission is payable to another brokerage
forfeited Deposits to pay all money owed under this Contract. You
according to the terms of that other listing contract as a result of
agree not to revoke this assignment.
the sale or disposition;
7.4 You direct your lawyer to pay all money owed under this Contract from
the purchase money or the forfeited Deposits held by your lawyer. (c) you have signed a Purchase Contract with a buyer who is willing
and able to complete the sale but you refuse to complete the sale;
8. THE BROKERAGE’S AUTHORITY or
8.1 You authorize the Brokerage to obtain the following information: (d) a buyer is found who is willing and able to complete the sale upon
the terms outlined in this Contract but you refuse to sign the
l current property tax summary, assessment sheets and related Purchase Contract.
information
10.2 You will pay the Commission to the Brokerage no later than the second
l search of title business day after the sale is completed, unless you and the
l if the Property is encumbered by a mortgage or agreement for Brokerage otherwise agree in writing. A sale is completed when the
sale that is assumable, copies of the documents and a Mortgage change in ownership is registered at the Land Titles Office and the
Verification Statement buyer pays the purchase money to you or your lawyer. Any holdbacks
or conditions accepted by you or your lawyer will not delay payment to
8.2 Do you authorize the Brokerage to install and use the Brokerage.
a key box? q Yes q No
10.3 You will pay Alternate Compensation to the Brokerage if a Purchase
8.3 Do you authorize the Brokerage to install Contract is signed but the buyer defaults and the Deposits are
“FOR SALE” and “SOLD” signs? q Yes q No forfeited. This Alternate Compensation will be the lesser of the
Commission that would have been payable had the sale been
8.4 Unless otherwise agreed in writing, only the Brokerage may advertise completed or 50% of the forfeited Deposits. Alternate Compensation
the Property for sale. shall be payable upon forfeiture of the Deposits.
_________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________
MORTGAGE DETAILS (Mortgage Verification Statement)
• Name of lender • Is there a tax account?
• Principal balance owing with per diem interest • Is approval to assume the loan required?
• Interest rate • Maturity date
• Amount of payment and frequency • Is the loan CMHC insured?
• Any other relevant details
AGRICULTURAL INFORMATION
• Surface leases/income • Grazing leases/permits
• Property leases • Water rights/irrigation
• Quotas
• Does the tenant have any right to renew the rental agreement? q Yes q No • What is the rent? ______________________________________________
• If there is a security deposit, how much is it and when was it last paid? ___________________________________________________________________
• Is there a property management contract? q Yes q No • Is the tenant in possession? q Yes q No
• Is the rental agreement in default? q Yes q No • Any other relevant details
January 2004
REAL ESTATE LISTING CONTRACT
TERMINATION AGREEMENT
Between
The Brokerage hereby agrees to terminate the Listing Contract on the Property at __________________________________________________
____________________________________________________________________________________________________________________
which was dated ______________________________________________________________________________, ______________________.
q Option A: To be used where it is not intended to relist the Property for sale.
The Seller agrees with the Brokerage that:
1. It shall not sell, exchange and/or lease, or accept an offer for the sale, exchange and/or lease of the said Property during the
term of 90 days from the date of this Termination Agreement.
2. In the event that the Seller breaches any of the terms of this Termination Agreement, the Seller shall immediately pay to the
Brokerage as liquidated damages a sum equal to the Real Estate Commission as set out in the said Listing Contract.
This clause replaces the provisions of 10.1 in the Real Estate Listing Contract.
q Option C: To be used where the parties want to sever their relationship with no ongoing obligations.
____________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________
_______________________________________________________ ______________________________________________________________________
Seller Witness
_______________________________________________________ ______________________________________________________________________
Seller Witness
__________________________________________________ _______________________________________________________________
Seller acknowledges receiving a copy of this Agreement Approved and accepted by Seller’s Broker/Manager
January 2004
NOTICE
As per the Real Estate Purchase Contract
Notice to:
_________________________________________________________________________________________________________________________________
Seller/Buyer of the Property
Municipal Address ________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________
1. I am the Seller/Buyer of the Property in the Real Estate Purchase Contract # ______________________________________________________
The conditions(s) in that Contract that I now unilaterally waive or have satisfied is (are):
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________
2. All other provisions in the Contract remain in full force and effect.
3. In this Notice, the singular shall be constituted as the plural where the context so requires.
4. This Notice shall enure to the benefit and be binding upon my heirs, executors, administrators, successors and assigns.
5. As per the Real Estate Purchase Contract, if a Notice has not been given to the other party before 9 p.m. on or before the stated
Condition Day, then the transaction is ended.
_____________________________________________________ _____________________________________________________________________
Seller/Buyer Witness
_____________________________________________________ _____________________________________________________________________
Seller/Buyer Witness
_____________________________________________________ _____________________________________________________________________
Authorized Signing Officer(s) Witness
January 2004
PROPERTY SCHEDULE
This Schedule is attached to and forms part of the Real Estate Purchase Contract # _____________________________
2. THE TRANSACTION
2.1 Other than the Deposits, the Buyer shall pay the Purchase Price by certified
Assignment of Lease of
cheque, lawyer's trust cheque, bank draft or other agreed value as follows:
W. of Range Township Section Part Acres
$ __________________________________
1.4 All Attached Goods (fixtures) except for: _____________________________
______________________________________________________________
$ __________________________________ New Financing
______________________________________________________________
______________________________________________________________
$ __________________________________ Seller Financing
______________________________________________________________ (as per attached Financing Schedule)
1.5 No Unattached Goods (specific chattels) except for: ____________________
______________________________________________________________
______________________________________________________________ $ __________________________________ Balance Owing
(subject to adjustments)
______________________________________________________________
______________________________________________________________
______________________________________________________________ $ __________________________________ Purchase Price
(excluding GST)
______________________________________________________________
2.2 The Purchase Price does not include GST. In the event that GST is payable
______________________________________________________________
and the Buyer is not a GST registrant, then the Buyer shall remit the applicable
______________________________________________________________ GST to the Seller’s lawyer on or before Completion Day.
______________________________________________________________ ______________________________________________________________
______________________________________________________________ ______________________________________________________________
______________________________________________________________ ______________________________________________________________
______________________________________________________________ ______________________________________________________________
______________________________________________________________ ______________________________________________________________
(Attach Schedule if necessary and have initialled by both parties.)
______________________________________________________________
11.6 In the event that the additional terms of this Contract are not fulfilled, there shall
______________________________________________________________
be a holdback of $ ____________________________ for _____________
days from the Completion Day to allow compliance by the Seller. These monies ______________________________________________________________
will be held in trust by the Buyer's lawyer and if terms are not satisfied, these ______________________________________________________________
monies shall be released to the Buyer.
______________________________________________________________
12. CONDITIONS Before 9 p.m. on ________________________________________________
12.1 The Buyer will verify, at the Buyer's expense, that the water supply meets the (the "Condition Day").
following criteria: ________________________________________________ 12.6 The Seller's Conditions are: ______________________________________
12.2 Buyer's Financing Condition: It is a condition precedent to this offer that the ______________________________________________________________
Buyer is able to place a new mortgage(s) and/or assume the existing ______________________________________________________________
mortgage(s) upon terms acceptable to the Buyer in order to fund the purchase ______________________________________________________________
of the Property. The Buyer shall have an opportunity to obtain such financing ______________________________________________________________
until before 9 p.m. on ____________________________________________
Before 9 p.m. on ________________________________________________
________________________________________________, ____________. (the "Condition Day").
______________ Seller’s Initials ______________ Buyer’s Initials
Page 3 of 4
# _________________________
Purchase Contract Number
12.7 Unless otherwise agreed in writing, the Buyer's Conditions are for the sole Buyer's Information:
benefit of the Buyer and the Seller's Conditions are for the sole benefit of the Buyer's Address ____________________________________________________
Seller.
_________________________________________________________________
12.8 The Buyer and the Seller may unilaterally waive or satisfy their Conditions by (postal code)
giving a Notice to the other party (the "Notice") on or before the stated Phone _____________________________ Fax __________________________
Condition Day. Buyer’s GST # _____________________________________________________
12.9 Provided that the Buyer or the Seller, as the case may be, uses reasonable Buyer's Representative:
efforts to satisfy the Condition(s), if the Notice has not been given on or before
_________________________________________________________________
the stated Condition Day, then this Contract is ended.
Broker, associate broker or agent registered to the brokerage
13. REMEDIES/DISPUTES Brokerage Name ___________________________________________________
13.1 If the Seller or the Buyer fails or refuses to complete this Contract according to Brokerage Address _________________________________________________
its terms, then the other party may pursue all available remedies. _________________________________________________________________
(postal code)
14. SECURITY FOR THE SELLER’S BROKERAGE’S FEES
Phone ______________________________ Fax _________________________
14.1 The Seller does hereby irrevocably assign to the Seller's brokerage enough of
the Purchase Price to pay all sums due and owing to the Seller's brokerage, 18. OFFER
and agrees to pay any unpaid balance of the Commission to the Seller's 18.1 The Buyer offers to buy the Property for the Purchase Price according to the
brokerage. terms of this Contract.
15. ADVICE 18.2 This offer / counter offer shall be open for acceptance in writing until
_______.m. on _____________________________________, ___________.
15.1 This Contract is intended to create binding legal obligations. The Seller
and the Buyer should read this Contract carefully and are encouraged to SIGNED AND DATED at _____________________________, Alberta at ______ .m.
obtain legal advice before signing.
on the __________ day of ___________________________________, _________.
15.2 This Contract may be signed and sent by fax and this procedure will be
as effective as signing and delivering an original copy.
____________________________________ _______________________________
15.3 Unless there is a dual agency or another written agreement, the Seller's Buyer Witness
brokerage represents the Seller as Seller's Agent and does not have a
fiduciary relationship with the Buyer, and the Buyer's brokerage ____________________________________ _______________________________
represents the Buyer as Buyer's Agent and does not have a fiduciary Print Name of Buyer Print Name of Witness
relationship with the Seller.
15.4 The Buyer and Seller agree that the sale and other related information ____________________________________ _______________________________
Buyer Witness
regarding this transaction may be retained and disclosed by the
brokerage and/or the real estate board(s) as required for closing and for ____________________________________ _______________________________
reporting, appraisal and statistical purposes. Print Name of Buyer Print Name of Witness
16. DEFINITIONS
PART B - ACCEPTANCE
16.1 In this Contract:
(a) Business Day means a day when both the Land Titles Office and the 19. ACCEPTANCE
Schedule I chartered banks are open for business. 19.1 The Seller accepts the Buyer's offer and agrees to sell the Property for the
(b) Buyer's Agent means the licensed brokerage (including its broker, all Purchase Price according to the terms of this Contract.
associate brokers and agents) who represents the Buyer.
(c) Seller's Agent means the licensed brokerage (including its broker, all SIGNED AND DATED at _____________________________, Alberta at ______ .m.
associate brokers and agents) who represents the Seller. on the ____________ day of _________________________________, _________.
Page 4 of 4
ADDENDUM ________ TO THE
AGRICULTURAL REAL ESTATE PURCHASE CONTRACT
This Addendum is attached to and forms part of the Agricultural Real Estate Purchase Contract # _____________________________
Between
THE SELLER and THE BUYER
________________________________________________________________________________________________________________________________________
Legal Description:
W. of Range Township Section Part Acres
_________________________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________________________
Note: This form must be signed by all parties to the Agricultural Real Estate Purchase Contract.
____________________________________________________________________
Date
_____________________________________________________________ _________________________________________________________________
Seller Witness
_____________________________________________________________ _________________________________________________________________
Seller Witness
_____________________________________________________________ _________________________________________________________________
Buyer Witness
_____________________________________________________________ _________________________________________________________________
Buyer Witness
January 2004
Schedule A
SURFACE LEASES/INCOME FORM
This Schedule is attached to and forms part of the Agricultural Real Estate Purchase Contract # __________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
_______________________________________________________
Date
_______________________________________________________ _______________________________________________________
Seller’s Signature Buyer’s Signature
1. GRL # _________________________________________________________________________________________________________
3. Legal description:
W. of Range Township Section Part Acres
_______________________________________________________________________________________________________________
_______________________________________________________________________________________________________________
_______________________________________________________________________________________________________________
_______________________________________________________________________________________________________________
_______________________________________________________________________________________________________________
q Seller
q Buyer
q Shared between Seller and Buyer
9. Buyer Warranty: The Buyer warrants that, prior to leasing, it is NOT an "ineligible person" or a "foreign controlled corporation" and is eligible
to lease "controlled land" as those terms are defined in the Foreign Ownership of Land Regulations.
__________________________________________________________ __________________________________________________________
Seller Buyer
__________________________________________________________ __________________________________________________________
Seller Buyer
W. of Range Township Section Part Acres Expiry Date Renewal Date Income
______________________________________________________
Date
_______________________________________________________ _______________________________________________________
Seller’s Signature Buyer’s Signature
Water Rights
1. Licence # _______________________________________________________________________________________________________
2. Have you registered your water rights under the Water Act? q Yes q No
Irrigation Rights
Allowances _____________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
_______________________________________________________
Date
_______________________________________________________ __________________________________________________________________
Seller’s Signature Buyer’s Signature
January 2004
Schedule E
QUOTA PURCHASE INFORMATION
This Schedule is attached to and forms part of the Agricultural Real Estate Purchase Contract # __________________________
Poultry
1. Buyer's Conditions: Approval and completion (in principal) of transfer of quota by the Alberta Hatching Egg Board by Completion Day.
2. Buyer's Terms: Buyer is receiving the amount of quota as per final approval of the Alberta Hatching Egg Board within 30 days of Completion
Day.
3. Included is ___________________________ Annual Quota +/- _____________ % which equals _______________ birds. Hen numbers must
be in accordance with quota holdings on Completion Day as well as number of pullets present. There must be a minimum of ___________%
roosters in layer barns present on Completion Day. There must be a minimum of ______________% roosters present in pullet barn on
Completion Day.
4. Seller to operate chicken farm under good and prudent management as a chicken farmer (broiler-breeder) should. Poultry flock(s) to be in
healthy and good condition at Completion Day. All flocks to be inspected by a veterinarian two weeks before Completion Day. Buyer has the
right to use the service of a veterinarian to determine these facts at the Buyer's cost. Seller to turn over all records pertaining to the flock on
Completion Day.
5. There must be a minimum performance of the flocks on Completion Day that is in accordance with the five year average on the farm.
6. Included are all attached and unattached equipment in chicken barns, feeding systems and all other equipment necessary for the normal
operation of a chicken farm.
7. All equipment pertaining to the farm to be in good state of repair and in good working order at Completion Day. In the event that something is
not, then it must be repaired at the cost of the Seller. Buyer to sign acknowledgement two days past Completion Day.
8. Included is all equipment on the Agricultural Real Estate Purchase Contract, all in good state of repair and in good working order.
9. Transfer of chicken quota forms to be obtained by the Seller's lawyer and after both Seller and Buyer have signed, to be registered by the
Alberta Hatching Egg Board.
10. Seller declares that there is adequate water on the Property for the size of the flock it has, and that there has been no shortage of water in the
past.
11. Buildings must be in the same condition and state of repair at Completion Day as seen on ______________________________________,
_____________, normal wear and tear excluded.
12. Any additional equipment to be included and that is not listed on the Agricultural Real Estate Purchase Contract is listed below.
____________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________
8. Included are all attached and unattached milking equipment inside and outside dairy barn and milk parlor directly related to and necessary for
the normal operation of the dairy farm, including left-over semen and semen tank and pressure washer.
9. All equipment pertaining to the dairy barn to be in good state of repair and in good working order at Completion Day. In the event that something
is not, then it must be repaired at the cost of the Seller. Buyer to sign acknowledgement two days past Completion Day.
10. All field equipment, tractors or other to be in good state of repair and in good working order at Completion Day. Buyer to acknowledge two days
past Completion Day.
11. Included are all gates and feeders as were being used on the Property, as well as electric waterers, water pumps and motors.
12. Included is all equipment on the Agricultural Real Estate Purchase Contract, all in good state of repair and in good working order.
13. Transfer of milk quota forms to be obtained by the Seller's lawyer and after both Seller and Buyer have signed, to be registered by the Dairy
Control Board.
14. Seller to transfer cattle registration by Holstein Canada to Buyer at the Seller's expense.
15. Seller declares that there is adequate water supply on the Property for the size of the herd it has, and that there has not been a shortage of
water in the past.
16. Buildings must be in the same condition and state of repair at Completion Day as seen on ______________________________________,
_____________, normal wear and tear excluded.
17. Any additional equipment to be included and that is not listed on the Agricultural Real Estate Purchase Contract is listed below.
____________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________
Further to the Buyer Brokerage Contract dated the __________ day of ___________________________________________, ______________.
Between
and
THE BUYER THE BUYER’S BROKERAGE (the “Brokerage”)
Name ____________________________________________________ Brokerage Name _____________________________________________
The following changes shall be made to the above Contract and except for such changes noted below, all other terms and conditions in the Contract
shall remain as stated therein.
DELETE: ________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________
INSERT: ________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________
______________________________________________________________ __________________________________________________________
Buyer Witness
______________________________________________________________ __________________________________________________________
Buyer Witness
________________________________________________________
Signature of broker, associate broker or agent authorized to sign on behalf of the
Brokerage
September 2002/January 2004
CONTRACT # _________________________
Email ______________________________________________________________ Member of the ____________________________ Real Estate Board (the “Board”)
1. OTHER BUYER BROKERAGE CONTRACTS (c) advise prospective sellers or their brokerages with whom the Brokerage
1.1 Have you entered into any other buyer brokerage is negotiating that they represent the Buyer;
contract with a brokerage in Alberta during the
(d) cooperate with brokerages which represent sellers of real estate;
last twelve months? q Yes q No
(e) not disclose the Buyer's identity if instructed not to do so.
1.2 Are you currently in a buyer brokerage contract
with another real estate brokerage? q Yes q No 5. ENDING THIS CONTRACT
2. TERM OF THIS CONTRACT 5.1 This Contract will automatically end if the Brokerage:
(a) has had its licence to trade in real estate suspended or cancelled under
2.1 The Buyer agrees to retain only the Brokerage:
the Real Estate Act (Alberta);
(a) to find real estate suitable for the Buyer to Purchase and,
(b) ceases to be a member in good standing of a real estate board; or
(b) to assist the Buyer in negotiating the terms of the Purchase.
(c) is bankrupt, insolvent, or in receivership.
2.2 The following properties are excluded from this Contract:
5.2 Where a party to this Contract has breached the Contract, the other party may
_____________________________________________________________ end the Contract by notice in writing to the party in breach.
_____________________________________________________________ 5.3 The Brokerage may enforce clause 6.4(b) even if the Contract has ended or
_____________________________________________________________ expired.
2.3 The Term of the Contract is effective today until 11:59 p.m. on ___________ 6.1 The Brokerage’s fee (the “Fee”) shall be:
(a) the portion of the real estate commission, if any, paid to the Brokerage by
______________________________________________ (the “Expiry Date”) the seller's brokerage respecting a transaction involving the Buyer (the
unless renewed/extended in writing. “Collected Commission”), or
8.1 All changes of number will be made where required. _______________________________ _______________________________
8.2 This Contract will be governed by the laws of the Province of Alberta. The Buyer Witness
parties submit to the jurisdiction of the Courts in the Province of Alberta in any
dispute that may arise out of this transaction. _______________________________ _______________________________
Print Name of Buyer Print Name of Witness
8.3 This Contract may be signed by the parties and transmitted by fax. This
procedure will be as effective as if the parties had signed and delivered an
__________________________________________________________________
original copy.
Signature of broker, associate broker, or agent authorized to sign on behalf of the
8.4 The Buyer warrants that, prior to completion, he/she is NOT an “ineligible Brokerage
person” or a “foreign controlled corporation” and is eligible to purchase
“controlled land” as those terms are defined in the Foreign Ownership of Land Buyers' initials to acknowledge they
Regulations. have received a copy of this Contract. ___________________________
Page 2 of 2
BUYER BROKERAGE
TERMINATION AGREEMENT
Contract # _________________________
Between
and
THE BUYER THE BUYER’S BROKERAGE (the “Brokerage”)
The parties wish to terminate the Buyer Brokerage Contract dated ______________________________________________, ______________.
q Conditional Termination
Fee entitlement will continue as per the provisions of clauses 6.4 and 6.5 of the Buyer Brokerage Contract.
q Unconditional Termination
To be used where the parties want to sever their relationship with no ongoing obligations.
____________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________
______________________________________________________________ __________________________________________________________
Buyer Witness
______________________________________________________________ __________________________________________________________
Buyer Witness
_____________________________________________________________ _____________________________________________________
Approved and accepted by the Buyer’s Broker/Manager Signature of broker, associate broker or agent authorized to sign on behalf of the
Brokerage
January 2004
Footnotes - Census of Agriculture
(1) In both 1996 and 2001, a census farm was defined as an agricultural operation producing at least one of the following
products intended for sale: crops (field crops, tree fruits or nuts, berries or grapes, vegetables, seed); livestock (cattle, hogs,
sheep, horses, exotic animals); poultry (hens, chickens, turkeys, exotic birds); animal products (milk, cream, eggs, wool, furs,
meats); or other agricultural products (greenhouse or nursery products, Christmas trees, mushrooms, sod, honey and maple
syrup). Farm operations producing only Christmas trees were included for the first time in the 1996 census.
(2) A farm is classified according to the predominant commodity produced. This is done by estimating the potential gross
farm receipts from the inventories of crops and livestock reported on the census questionnaire. The commodity or group of
commodities which account for 51 percent or more of the total gross farm receipts determines the farm type. Farm type
classification only includes farms with gross farm receipts of $2,500 or more.
(3) In 1996, the name and definition of tame or seeded pasture was changed from the previous census. In 1991, it was called
"Improved Land for Pasture or Grazing." Consequently, some respondents may have reported differently in 1996 than in 1991,
thereby affecting the comparability of those years.
(4)The data for land management practices are reported for the year preceding the census year. Operators can apply
insecticides and fungicides to the same land. Therefore, the sum of the responses to the two questions in 1996 and 2001 are
not comparable to the response to the single 1991 question which asked for the total area on which insecticides or fungicides
were used. As in previous censuses, the area of land treated with herbicides, insecticides and fungicides is under-reported in
2001. The data, however, is still comparable to other years.
(5) Since 1991, the data reported are for total oats, since the questionnaire made no distinction between the oats for grain and
the oats for fodder components of total oats.
(6) In 1981, the data reported pertain to barley for grain only.
(7) Since 1991, no distinction between oats for grain and oats for fodder has been made. In 1986, 1996, and 2001, the "Other
Fodder Crops" are included in the data for "Total Tame Hay".
(8) The earlier census date in 1996 (May 14th) and in 2001 (May 15th) affect the comparability with previous censuses due to
the lower percentage of calvings that would have taken place at this time compared to the first week of June, when previous
censuses were taken.
(9) Since individual or family holdings were being over-reported in previous censuses, the order and wording of the questions
on operating expenses were changed in 1996. While previous censuses asked if the operation was an "individual or family
holding", the 1996 Census replaced this question with one asking if the operation was a "sole proprietorship".
(10) Since 1991, there are two separate questions on the value of land and buildings - one on rented properties and one on
owned properties. Consequently, the total reported value of land and buildings in following censuses increased compared
with earlier censuses, where some respondents had failed to include rented land.
(11) In 1991, agricultural operators reported the value of farm machinery and equipment located on their operations on
Census Day, regardless of ownership. Since the 1996 census, operators have been asked to report the present market value
of all farm machinary and equipment that they owned or leased on Census Day. This change in reporting limits comparability
of these data.
(12) This refers to gross farm receipts of the operation in the preceding calender year or for the last complete accounting
(fiscal) year.
(13) This refers to the gross farm operating expenses of the operation in the preceding calender year or for the last complete
accounting (fiscal) year.
(14) In 2001, the name and definition of "Rent or Leasing Expenses" has changed to "Rental and Leasing of Land and
Buildings". This change limits the comparability of the data between 2001 and previous censuses.
(15) In 2001, the name and definition of "Fuel, Oil and Lubricants for Machinery" has changed to "All Fuel Expenses". This
change limits the comparability of the data between 2001 and previous censuses.
(16) In 2001, "Custom Work and Contract Work" and "Rental and Leasing of Farm Machinery, Equipment, and Vehicles" were
classified as separate entities whereas in 1996, they were grouped together. This change limits the comparability of the data
between 2001 and previous censuses.
Alberta's Township System
The following information is excerpted from Doug Barnett's Early Surveys and Settlements
in Central Alberta.
The DLS System first established controlling lines on which to base the township surveys. It was
decided to layout the System on an astronomic basis, that is "square with the world", with
north-south and east-west lines following lines of latitude and longitude on the earth's surface.
Starting near Winnipeg, Dominion Land Surveyors established six meridians over a period of
time. A meridian is an astronomic north-south line on the earth's surface. The Principal
Meridian was followed by successive Initial Meridians (the Second, Third, Fourth, Fifth, and
Sixth), each about four degrees of longitude apart. The Fourth Initial Meridian later became
the Alberta - Saskatchewan boundary, and the Western Provinces were extended northward
from the 49th parallel (international boundary) to the 60th parallel, a distance of about 760
miles. As meridians follow the spherical curve of the earth, they converge as they are produced
northward. For example, the distance between the Fourth and Fifth Meridians along the 49th
parallel is about 182 miles (293 kilometres); at the 60th parallel, the distance between the
same two Initial meridians is reduced to about 139 miles (224 kilometres) due to convergence
of the meridians. The Dominion Lands Survey System is therefore an astronomic system with all
north-south lines laid off as true meridians, and all east-west lines established as chords to
parallels of latitude.
Land between the Initial Meridians was then subdivided into townships. A
township is a square tract of land about six miles (9.7 kilometres) on a side,
containing thirty-six sections (Figure to left.). Townships are numbered
northward, starting from township one at the 49th parallel and increasing to
township 126 at the 60th parallel (the north boundary of British Columbia,
Alberta, Saskatchewan, and Manitoba). For example, Lethbridge is about at
township eight; Red Deer at about township thirty-eight;
Athabasca about township sixty-six; Fort McMurray about
township eighty-nine; and Fort Chipewyan about township one
hundred and twelve. A column of townships in the north-south direction is
called a range. Townships lie in ranges numbered westward from each Initial
Meridian, starting with range one adjoining the west side of each such
meridian. There are thirty ranges between the Fourth and Fifth meridians
along the 49th parallel, but due to convergence of the meridians, this reduces
to only about twenty-three ranges along the north boundary of Alberta.
Townships are laid off their prescribed width along base lines running between the Initial
Meridians. A base line is a line approximating a latitude circle from which townships are
projected north and south to the correction lines (to be defined later). See figure above to the
right. Base lines are four townships apart. The international boundary is the first base line; the
second base line lies between townships four and five; the third base line between townships
eight and nine; and so on northerly in regular order. For example, the fourteenth base line
(between townships fifty-two and fifty-three) runs along part of Jasper Avenue in Edmonton,
and the twenty-fourth base line (between townships ninety-two and ninety-three) runs near
the Syncrude plant north of Fort McMurray.
Correction lines are east-west lines, midway between base lines, on which the jogs are allowed
to provide for convergence of meridians, as shown in figure above to the right. They are also
four townships apart. The first correction line is between townships two and three; the second
between townships six and seven; the third between townships ten and eleven, and so on
northerly in regular order. For example, the twelfth correction line (between townships forty-
six and forty-seven) runs through Camrose, and the twenty-third correction line (between
1
townships ninety and ninety-one) runs just north of Fort MacKay. The north boundary of Alberta
is about the thirty-second correction line. The jogs along a correction line increase in length as
one proceeds westerly from an Initial Meridian. For example, on the 14th correction line
running through Namao north of Edmonton, the jog at the northeast comer of range ten is
about 36.23 Chains (2390.8 feet = 728.7 metres), whereas the jog at the northeast comer of
range twenty-five on the same correction line is about 96.60 Chains (6375.6 feet = 1943.3
metres). On the east side of each Initial Meridian the width of the last range is narrower than a
full range due to the convergence between two adjacent Initial Meridians. These fractional
ranges are less than six miles in width, the width varying with its position along the Initial
Meridian, as shown in the figure above to the right. Sections in a fractional township are
numbered the same as though the township was a full one.
The Dominion Land Survey System therefore established a practical, accurate solution to the
subdivision of vast tracts of land in Western Canada. The framework of meridians and base
lines provided the basis for township subdivision in the System. While readily understood and
used by early settlers and even by people today, it was highly technical and complicated to
layout while keeping errors under control. This required skilled government surveyors (DLS) to
accomplish. Based on lines of latitude and longitude determined by astronomic field
observations it covered the largest tract of land ever surveyed in North America under a single
integrated system.
Township surveys subdivided the Crown land into parcels which could be sold
for settlement, development and other public purposes. The figure above (on
the left) shows the structure of a typical township of the Third System of
Survey (the First and Second Systems, which differed mainly in allotment and
width of road allowances, were laid out in southern Manitoba and south-
eastern Saskatchewan up to about 1881; after that, the remainder of the
Prairie Provinces was subdivided according to the Third System of Survey).
North-south road allowances run every mile apart; east-west road allowances
are spaced at two mile intervals. Each township contains three blind lines (east-west section
lines where no road allowance is provided - called "blind lines" because they were not
measured on the earlier surveys). Distances shown on the early township plans are in Chains,
and areas are shown in acres. These British (Imperial) units have been retained for most
township plans even after the metric system was adopted in Canada in 1971.
Each section is one mile on a side, or 80 Chains square (approximately), containing 640 acres. A
Third System township therefore measures approximately 486 Chains east-west and 483 Chains
north-south. Road allowances provide public access to each quarter- section. Sections are
sometimes broken down into smaller units called legal subdivisions of 40 acres each; each
section contains 16 legal subdivisions as shown in figure above to the right. These smaller
tracts are used for smaller divisions of land bordering on rivers and lakes, Indian reserves,
settlements, and for oil and gas well spacing units.
The introduction of the Torrens land registration system in Alberta, effective January 1, 1887,
was made possible by the accuracy of the original township and settlement surveys and the
careful collection and preservation of survey plans. The Torrens System was devised in
Australia by Sir Robert Torrens in 1858, and is one of the most efficient land titles systems in
the world. A government land titles office has custody of all original land titles and documents
registered against them (such as mortgages, caveats and liens), thus guaranteeing the title and
protecting it from fraud and wrongful possession. The Torrens system remains in use to this
day for all dealings with land ownership, leasing, and related records at the Edmonton and
Calgary land titles offices in Alberta, giving citizens ready access to all important land titles
information related to buying, selling, and holding property.
2
2003 RURAL DIVISION MEMBERSHIP APPLICATION
You can apply for either Candidate Member status or Full Member status. For the definition of Candidate Member or Full
Member status see the back of this form.
I AM APPLYING FOR:
CANDIDATE MEMBER STATUS
In accordance with the criteria set out on the back of this form under “Candidate Member Status.”
OR
FULL MEMBER STATUS
In accordance with the criteria set out on the back of this form under “Full Member Status.”
b) I apply for Candidate Membership and agree to become a Full Member of the Division within two years of this date.
c) I agree that should this application be accepted, I will abide by the rules, regulations and by-laws of the Division and pay
the annual dues and such other amounts as may be established by the Division.
d) I understand there is an annual membership fee for $100.00 plus $7.00 GST (total $107.00) that accompanies this
application.
BROKER RECOMMENDATION – I recommend this individual for membership in the Commercial/Rural Division of
the Calgary Real Estate Board.
________________________________________ ______________________________________
Sales Manager or Broker (Print Name) Manager/Broker Signature
I hereby give CREB permission to bill my account for the 2003 Rural Fee of $107.00 (GST included).
Experience Credentials
A. Sales:
Completed a minimum of three (3) sales of Agri-business defined as at least two of the following: Non-residential
Zoning; Income producing; and, forty one (41) acres or more; Industrial, Commercial and/or Income producing
Properties within a one-year period over the past five years, with a minimum value of $150,000 each and an aggregate
total of $2,000,000.
or
B. Leases:
Minimum of three (3) leases with an aggregate value of $2,000,000 within a one-year period over the past five years,
with no minimum value of each lease.
or
C. Development
Minimum value of $2,000,000 within a one-year period over the past five years.
or
D. Property Management:
Managing a portfolio of at least $5,000,000 total value of the property.
or
E. Combination:
Any combination of above which meets the approval of the Rural User Group.
For your Experience Credentials on the above, set out on a separate sheet the general particulars of the qualifying transaction in
which you have acted during the specified period in the following format.
Address of Property Type of Transaction Date of Completion Amount of Transaction Applicant’s Percentage
Acceptance into the Rural/Commercial Division is subject to the approval of this application by the Rural User Group.
H:\DATA\FORMS\RURAL FORMS\2003 FORMS\2003 RURAL DIVISION MEMBERSHIP APPLICATION FORM-REVISED MAY 22'03.DOC
AGRICULTURAL LAND DISCLOSURE STATEMENT
(To be completed by the Seller)
Purpose of Disclosure
This form is a voluntary disclosure of the condition of the Property for sale and other information known by the Seller. This
disclosure statement constitutes a representation under any Purchase Contract if so agreed in writing by the Seller and
the Buyer.
TOTAL
The Seller is responsible for the completion and accuracy of the answers on this form.
The Seller should indicate either Y (yes), N (no), ? (no knowledge) or n/a (not applicable).
2. Are there any conditional use and/or special compliance permits required? Y N ? n/a
3. Are there any cross property easements/entitlements and are they in use at this time? Y N ? n/a
If yes, please sketch on the map attached at the end of this disclosure form and provide a copy of the appropriate documents.
7. Have any environmental assessments of the Property been carried out in the past 5 years? Y N ? n/a
9. Do your operations involve the generation, handling, disposal or other use of chemicals
or hazardous materials other than agricultural chemicals? Y N ? n/a
10. Do your operations involve storage of bulk quantities of agricultural chemicals such as
pesticides and fertilizer other than for your own use? Y N ? n/a
Have bulk quantities of same ever been stored on the Property in the past other than for
your own use? Y N ? n/a
11. If your operations involve the use of irrigation, are additional substances applied other
than water? Y N ? n/a
• Whether your province has a program for the registration of such tanks and if your tanks are registered: _____
_________________________________________________________________________________________
• The location of each tank (by Land Parcel Number): _______________________________________________
_________________________________________________________________________________________
_________________________________________________________________________________________
_________________________________________________________________________________________
_________________________________________________________________________________________
• What the tanks contained: ___________________________________________________________________
_________________________________________________________________________________________
• Whether the tanks are in use or are abandoned: __________________________________________________
_________________________________________________________________________________________
• The approximate age of the tanks: _____________________________________________________________
• Whether the tanks have been inspected or repaired: _______________________________________________
• Whether any of these tanks are known to leak: ___________________________________________________
_________________________________________________________________________________________
(B) An operating or inactive lagoon or manure pit or other surface impoundment? Y N ? n/a
If yes, please provide the following details below.
(C) An operating or former dump, landfill or other waste disposal area on this
or adjacent lands? Y N ? n/a
If yes, please provide details of the types of waste disposed of: ______________________________________________
_________________________________________________________________________________________________
_________________________________________________________________________________________________
_________________________________________________________________________________________________
_________________________________________________________________________________________________
(D) Ground water wells? Y N ? n/a
If yes, please sketch location and use on the map attached to this form.
i. If yes, specify uses: Livestock Human Consumption Irrigation Aquaculture
ii. Have any wells been tested for human consumption? Y N ? n/a
If yes, give date and results of test: ____________________________________________________________
_________________________________________________________________________________________
iii. What is the depth and rate of flow (gal/min) of each well?
_________________________________________________________________________________________
_________________________________________________________________________________________
_________________________________________________________________________________________
_________________________________________________________________________________________
iv. Does the Property contain any abandoned ground water wells? Y N ? n/a
v. Is the water supply licensed or registered under the Water Act? Y N ? n/a
If yes, for what quantity? ____________________________________________________________________
14. Does the Property contain any active or non-producing oil or gas wells? Y N ? n/a
15. Does the Property contain any abandoned oil/gas wells or pipelines? Y N ? n/a
If yes, have all governmental approvals been obtained? Y N ? n/a
Are reclamation certificates available for abandoned well sites? Y N ? n/a
17. Does the Property contain any surface water such as:
A stream? A river? Natural springs? Wetlands? Seasonal run-off areas?
If yes, then:
i. Have they been identified as public land? Y N ? n/a
ii. Is the Property serviced by a drainage/irrigation system? Y N ? n/a
iii. Is there a levy to maintain the drainage/irrigation system? Y N ? n/a
18. Does the Property contain any water storage dugouts? Y N ? n/a
20. Has the Property ever been used for municipal or industrial sludge or waste? Y N ? n/a
21. Are there gravel pits, manure pits, silage pits or other open excavations on the Property? Y N ? n/a
22. Are there any outstanding issues pertaining to government grazing leases? Y N ? n/a
If yes, please identify: ______________________________________________________________________________________
Is this lease transferrable? Y N ? n/a
Is there a known cost for the transfer? (amount ________________________________) Y N ? n/a
24. Are there any or have there been noxious or poisonous weeds on the Property? Y N ? n/a
Has there been any notification from the municipal authorities requiring clean-up? Y N ? n/a
25. Has the Property ever contained urea formaldehyde insulation? Y N ? n/a
26. Are the following utilities fully paid? Phone? Y N ? n/a Water? Y N ? n/a
Electrical? Y N ? n/a Natural gas? Y N ? n/a
Do services for utilities occur in more than one location on the Property? Y N ? n/a
If yes, explain ____________________________________________________________________________________________
27. Is this Property of historical significance in the opinion of a government authority? Y N ? n/a
28. List all Property sources of waste water, and where these waters are discharged (e.g. tile bed, storage, lagoon, septic or other
containment system, ditch, creek, etc.).
29. List licences or permits held and effective dates (e.g. chemical application permit, certificates of compliance, water source
registrations, etc.).
30. Describe how you dispose of pesticide/herbicide containers, waste oil and used automotive batteries.
31. Indicate whether any of your crop spraying is done by custom application and/or by aerial spraying. Please advise, in either instance,
if the custom operator is licensed.
32. In the following space, please provide any additional comments and/or explanations.
The Buyer acknowledges that it has received and read a signed copy of this disclosure statement from the Seller or the Seller’s
brokerage on the ___________ day of __________________________, ___________. The Buyer also acknowledges that this is not
a warranty of any kind by the Seller or by any brokerage representing the Seller in this transaction, and is not a substitute for any
inspection or warranties the Buyer may wish to obtain. The prudent Buyer will use this disclosure statement as the starting point for
its own inquiries.
The Seller and the Buyer understand that neither the Seller’s brokerage or Buyer’s brokerage or their representatives warrant or
guarantee the above information on the Property.
This map is attached to and forms part of the Agricultural Land Disclosure Form dated _________________, _______.
______________________________________________________________________________________
_______________________________________________
Date
________________________________________________ _____________________________________________
Seller Seller
Purpose of Statement
This statement is a voluntary disclosure of the condition of the Property for sale and other information known by the Seller. This
disclosure statement constitutes a representation under any Purchase Contract if so agreed in writing by the Seller and the
Buyer.
The Seller is responsible for the completion and accuracy of the answers on this form.
The Seller should indicate either Y (yes), N (no), ? (no knowledge) or n/a (not applicable).
The Seller is responsible for the completion and accuracy of the answers on this form.
The Seller should indicate either Y (yes), N (no), ? (no knowledge) or n/a (not applicable).
27. Are you aware of any problems with a jetted tub, hot tub and/or swimming pool? Y N ? n/a
28. Are you aware of any excessive settling, slippage, sliding or soil problems? Y N ? n/a
29. Are you aware of any problems with retaining walls cracking or bulging? Y N ? n/a
30. Are you aware of any damage due to weather, fire, water, insects or rodents? Y N ? n/a
31. Other than those stated above, are you aware of any other latent (hidden) defects on the Property? Y N ? n/a
32. Are there any rented fixtures/equipment? (e.g. water softener, iron filter, alarm system) Y N ? n/a
If yes, explain ________________________________________________________________________
33. Are you aware of any problems with any equipment/mechanical items to be included in this transaction? Y N ? n/a
34. Are there any propane tanks on the Property? Y N ? n/a
If yes, are they rented or owned? _________________________________________________________
35. Is this Property of historical significance in the opinion of a government authority? Y N ? n/a
The Buyer acknowledges that it has received and read a signed copy of this disclosure statement from the Seller or the Seller’s
brokerage on the ___________ day of __________________________, ___________. The Buyer also acknowledges that this is not a
warranty of any kind by the Seller or by any brokerage representing the Seller in this transaction, and is not a substitute for any
inspection or warranties the Buyer may wish to obtain. The prudent Buyer will use this disclosure statement as the starting point for its
own inquiries.
The Seller and the Buyer understand that neither the Seller’s brokerage or Buyer’s brokerage or their representatives warrant or
guarantee the above information on the Property.
STANDARD CLAUSES AND PHRASES
TO ASSIST IN THE WRITING OF
LEASING CONTRACTS
FEBRUARY 2001
ACKNOWLEDGEMENTS
The Alberta Real Estate Association (AREA) wishes to thank the Ontario and British
Columbia Real Estate Associations and the Calgary Real Estate Board for sharing their
materials on standard clauses and phrases.
The Alberta Real Estate Association has created these standard phrases and clauses to
assist its members in drafting clauses to meet the needs of Buyers/Tenants and
Sellers/Landlords in the preparation and negotiation of the Commercial and Rural Real Estate
Purchase Contracts and the Commercial Offer to Lease Contract.
At no time are these clauses and phrases to be thought of as required wording, but they are
to be used as examples of acceptable phrases and clauses.
AREA accepts no liability for the usage of these clauses and phrases. Each transaction is
unique and real estate brokers are advised to seek professional advice when they are in
doubt regarding the appropriate wording.
2. Financing Clauses
2.1 Prepayment of Mortgage Principal 1
2.2 Renewal of Mortgage 2
2.3 Postponement of Mortgage 2
2.4 Assumption of Existing Mortgage 2
2.5 Demolish Structure or Change Contours 2
2.6 Seller Takes Back Second Mortgage 2
2.7 Discharge of Existing Encumbrances 2
2.8 Partial Discharge of Mortgage 2
5. Disclosure of Interest
5.1 Industry Member Buying Property 5
5.2 Industry Member Selling Property 5
1. Lease Terms
1.1 Offer to Lease Only 17
1.2 Net Lease 17
1.3 Gross Lease 17
1.4 Gross Lease With Escalations 17
1.5 Net Rent Free 17
1.6 Gross Rent Free 18
1.7 Proportionate Share 18
1.8 Option to Purchase 18
1.9 Rental Paid 18
1.10 Increase in Rent 18
1.11 Condominium Bylaw Compliance 18
1.12 Pets 18
1.13 Showing of Rented Property 19
2. Leasing Conditions
2.1 Personal and Credit Check 19
2.2 Condition – Board of Director Approval 19
3. Services and Utilities
3.1 Utilities Paid By Tenant 19
3.2 Taxes/Fire Insurance 19
4. Maintenance of Property
4.1 Structural Penetration 20
4.2 Structural Repairs 20
4.3 Electrical and Mechanical Equipment in Good Order 20
4.4 Signs and Advertising 20
4.5 Maintenance of Grounds 20
4.6 Maintenance of Swimming Pool 20
4.7 Alterations and Improvements 21
4.8 Cleaning of Carpets 21
4.9 Consent to Decorate 21
4.10 Landlord’s Work 21
4.11 Space Layout Sketch 21
4.12 Restoring Leased Space to Original Condition 21
4.13 Workmanlike Manner 22
4.14 Landlord’s Contractors to be Used 22
5. Unattached and Attached Goods
5.1 Appliances Included 22
5.2 Appliances and Tenant’s/Landlord’s Responsibilities 22
6. Miscellaneous Leasing Clauses
6.1 Right of First Refusal on Vacant Space: Lease 22
6.2 Right of First Refusal: Purchase 22
6.3 Right of First Refusal: Non-Confidentiality of Offer 23
6.4 Notice to Tenants of New Owner 23
6.5 Rent Increase With Notices Prior to Completion of Sale 23
6.6 No Rent Increases 23
6.7 Seller Shall Not Renegotiate Leases Prior to Completion
Without Buyer Instruction 23
6.8 Seller to Renegotiate Leases 23
6.9 Adjustment of Purchase Price Due to Shortfall in Rental Income 23
6.10 Area Measurement 24
Page
1. Land Restrictions
1.1 Crown Restrictions 26
1.2 Road Allowance (Acknowledgment/Without Encroachments) 26
1.3 Road Allowance (Acknowledgment/With Encroachments) 26
1.4 Water Frontage – Dimension/Shore Road Allowance/Unregistered Easements 26
1.5 Surface Lease – Buyer to Assume 26
1.6 Surface Lease – Option to Purchase 27
1.7 Surface Lease – Conditional on Land Owner’s Approval 27
3. Access
3.1 Road Access to Public Roadways 27
3.2 Road Access by Open Public Road 28
3.3 Road Access – Alternatives 28
3.4 Road Access – Privately Maintained Road 28
3.5 Road Access – Unregistered Easement (Trespass Access) 28
3.6 Water Access 28
1. DEPOSIT CLAUSES
The Real Estate Act stipulates that the Deposit is to be placed into a brokerage’s trust
account within two banking days after final acceptance (clause 16.1) of the Contract, or
within a longer period of time as agreed to in writing by the parties.
The Buyer and Seller hereby direct the brokerage holding the Deposit to place it in an interest bearing account, with
any accrued interest on the Deposit to be paid to the Buyer on completion or termination of this Contract.
The brokerage paying interest to a specific party is required to have the social insurance number
of that party before paying interest on Deposits.
In the event the Buyer fails to complete the transaction and the Deposit is forfeit, then such Deposit is to be equally
shared between the Seller and its brokerage.
2. FINANCING CLAUSES
The ______________________________ shall have the privilege of prepaying the principal sum, in whole or in part,
at any time without notice or bonus.
1
2.2 RENEWAL OF MORTGAGE
The mortgage to run for _______________ years from closing of the transaction and to be renewable by the Buyer,
if not in default at the time of renewal, for a further _______________ years at the same terms and conditions, save
for _________________________________ (renewal or on whatever other terms are agreed to).
The Seller agrees to postpone such second mortgage to any renewal or replacement of the first mortgage at any
time, provided any increase of the principal sum of the first mortgage shall be paid to the Seller in reduction of the
principal sum of such second mortgage.
The mortgage will also contain a privilege entitling the mortgagor at any time to demolish any structures on the
Property, or to change the contours of the Property, to remove __________________________________ (describe)
and to install services of all types for the purpose of complying with registered plans of subdivision and
subdivision agreements, and to construct any buildings thereon, which are in accordance with municipal
regulations, without any of the foregoing being a breach of the terms of the mortgage.
The Seller agrees to take back the balance of the Purchase Price as a second mortgage, repayable
$____________________________________________ quarterly/yearly/monthly including interest at the rate of
_____________% per annum and to run for _____________ years. The second mortgage is to contain the privilege
of prepaying all or any part of the principal amount on any interest date without notice or bonus.
The Seller agrees to discharge, at its own expense, any existing mortgages, liens or encumbrances on or before the
Completion Day.
The Buyer is to have the privilege of partially discharging any acre, lot or block at any time by paying
$______________________________ per acre, lot or block off the principal amount of the mortgage, and shall
forthwith be given clear title to the said parcel so discharged.
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3. ADDITIONAL PURCHASE CONDITIONS
The conditions in this Offer are for the sole and exclusive benefit of the Buyer and may be satisfied or waived
unilaterally by the Buyer at its sole discretion only in writing, signed by the Buyer, and delivered to the Seller’s
brokerage. Failure to remove all of the conditions in writing by the respective condition dates will result in the
return of all Deposits to the Buyer without deduction of any kind. This Contract shall then be void and neither party
shall have any claim upon the other. A condition date may be extended by written agreement.
Provided that, if and when the Buyer deletes the clause referring to the sale of its property, it shall increase the
Deposit held by the Seller to $________________________________ and the balance due on closing shall be
adjusted accordingly.
This Offer is conditional upon the Buyer obtaining a building permit to erect a commercial/industrial/residential
building on the Property in accordance with the municipal building code and other relevant bylaws.
This Offer is conditional for 14 business days from the date of acceptance, upon the Buyer obtaining, at its own
expense, soil tests of the Property satisfactory to the Buyer for the purpose of construction of a new building
thereon. In the event the soil test is not satisfactory to the Buyer, then this Offer shall become null and void and the
Buyer’s Deposit shall be returned to it in full without any deduction whatsoever. This condition is for the sole
benefit of the Buyer and the Buyer shall have the right to waive this condition by notice in writing at any time within
the 14 day period.
The Buyer or the Buyer’s lawyer shall notify the Seller or the Seller’s lawyer in writing that the condition above has
been fulfilled or satisfied within the time allowed.
The Buyer shall have _________ days from the date of acceptance of this Offer to satisfy itself that the Property is
zoned in final and binding form under the relevant zoning bylaws and official plan to permit it to develop or use the
Property for the purpose of ______________________________________. If the Buyer is not satisfied, it may
terminate this Contract by giving notice to the Seller prior to the expiry of such period that the condition has not
been fulfilled whereupon the Deposit shall be returned to the Buyer.
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3.7 INSPECTION OF LEASES AND PROPERTY
This Contract is conditional upon the Buyer inspecting and approving the Property, the leases (or Offers to Lease if
no leases are available) and improvements within ____________ days of acceptance of this Offer. This clause is
inserted for the benefit of the Buyer and may be waived, by written notice, in whole or in part by the Buyer.
Should the Buyer hire agents, the cost and responsibility of such work shall be at the expense of the Buyer. The
Buyer covenants and agrees to restore the Property after inspection to its pre-existing physical condition prior to
the time of the first such inspection.
If the Buyer is not satisfied with the results of its inspection, it shall notify the Seller who may elect to remedy such
results. If the Seller does not remedy such results by ______________________________ (date), this Contract shall
be terminated and the Buyer’s Deposit shall be returned in full.
The Buyer agrees to treat the results of such inspections in a strictly confidential manner and not to disclose the
results to a third party except where required by law. There shall be no compulsory requirement to disclose the
results to the Seller.
This Offer is conditional upon the Buyer receiving from the Seller a list of all unattached goods (specific chattels)
and attached goods (fixtures) to be included in the Purchase Price, and the acceptance by the Buyer that the
content of the list is satisfactory.
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4.3 APPROVAL OF CONTRACT BY SELLER’S OR BUYER’S LAWYER
4.5 WHERE FINANCIAL STATEMENTS ARE AVAILABLE BUT HAVE NOT BEEN DELIVERED TO BUYER
Subject to the Buyer receiving, perusing and being satisfied with a complete and current set of financial statements
including a profit and loss statement showing revenue and expenses for the last 12 months (not more than 120
days old), a statement of assets and liabilities and a list of unattached and attached goods, rights and other assets
not included in this transaction, by _________________________________________ (date). This condition is for the
sole benefit of the Buyer.
5. DISCLOSURE OF INTEREST
The Seller is aware that the Buyer is licensed under the Real Estate Act (Alberta) or is associated directly or
indirectly with an industry member as a shareholder, director, officer, partner or family member, and acknowledges
receipt of this disclosure statement in accordance with Section 28 of the Rules of the Real Estate Act (Alberta).
The Buyer is aware that the Seller is licensed under the Real Estate Act (Alberta) or is associated directly or
indirectly with an industry member as a shareholder, director, officer, partner or family member.
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6. SAFETY, HEALTH AND ENVIRONMENTAL DISCLOSURE CONDITIONS
The Seller discloses, and the Buyer acknowledges, that the Building/Property contains
___________________________________________________________________________ (describe the condition)
and the Buyer accepts the Building/Property in this condition.
The Seller discloses that the Building/Property did have _______________________________________ (describe the
condition) but has undergone the following corrective measures:
(provide description)
The Buyer accepts the condition of the Building/Property in reliance on these corrective measures.
The Seller represents and warrants to the Buyer that during the time the Seller has owned the Property, the Seller
has not caused any building on the Property to be insulated with insulation containing urea formaldehyde and that
to the best of the Seller’s knowledge, no building on the Property contains insulation that contains urea
formaldehyde. This warranty shall survive and not merge on the completion of this transaction. If the building is
part of a multiple unit building, this warranty shall only apply to the part of the building which is subject to this
transaction.
This Offer is conditional upon the Buyer determining, at its own expense, that no portion of the Property has been
designated as a flood plain or an environmentally protected zone. Unless the Buyer gives notice in writing
delivered to the Seller by __________________________________ (date) that this condition has been fulfilled, this
Offer shall become null and void and the Deposit shall be returned to the Buyer in full. This condition is included
for the sole benefit of the Buyer and may be waived at its option by notice in writing to the Seller within the time
period stated above.
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6.6 ENVIRONMENTAL WARRANTY
The Seller represents and warrants to the best of its knowledge and belief that during the period of its ownership of
the Property that:
(a) all environmental laws and regulations have been complied with;
(b) no hazardous conditions or substances exist on the Property;
(c) no limitations or restrictions affecting the continued use of the Property exist, other than those specifically
provided for herein;
(d) no pending litigation respecting environmental matters or government investigations, charges or prosecutions
regarding environmental matters exist;
(e) there has been no prior use as a waste disposal site; and
(f) all applicable licences are in force.
The Seller agrees to provide to the Buyer upon request all documents, records and reports relating to
environmental matters that are in the possession of the Seller. The parties agree that this representation and
warranty shall form an integral part of this Contract and survive the completion of this transaction, but apply only
to circumstances existing at the completion of this transaction.
This Offer is conditional upon the Buyer determining, at its own expense, that:
(a) all environmental laws and regulations have been complied with;
(b) no hazardous conditions or substances exist on the Property;
(c) no limitations or restrictions affecting the continued use of the Property exist, other than those specifically
provided for herein;
(d) no pending litigation respecting environmental matters or government investigations, charges or prosecutions
regarding environmental matters exist;
(e) there has been no prior use as a waste disposal site; and
(f) all applicable licences are in force.
The Seller agrees to provide the Buyer upon request all documents, records, and reports relating to the
environmental matters in possession of the Seller.
Unless the Buyer gives notice in writing delivered to the Seller by ____________________________ (date), that the
preceding condition has been fulfilled, this Offer shall become null and void and the Deposit shall be returned to
the Buyer. This condition is included for the sole benefit of the Buyer and may be waived at its option by notice in
writing to the Seller within the time period stated herein.
The Buyer, or its agents, may enter upon the Property prior to Completion Day for the purpose of carrying out a real
property report or to perform any other necessary inspections. Any such report made will be at the expense of the
Seller/Buyer.
The Buyer and its agents shall have the right, after execution of this Contract by the parties, to enter the Property at
its own cost and expense, in order to inspect it, make soil tests, complete surveying, check elevations, contours,
grades and perform other such work in relation to the preparation of a real property report for the Buyer’s use.
7.3 ACKNOWLEDGMENT OF EASEMENT
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It is understood by the Buyer that the __________________________________ (municipality/company) has a
________________ foot easement at the east/west/north/south portion of the Property.
It is the duty of the Seller to notify the Buyer of any easements on the Property before acceptance.
It is understood and agreed between the parties that the new building shall be completed in a good and
workmanlike manner and in accordance with the building and zoning requirements of the
_________________________________ (city/municipality). It is further understood and agreed that the Seller shall
deliver to the Buyer on Completion Day a written guarantee for a period of one (1) year from Completion Day with
respect to the heating unit, all electrical wiring and the plumbing.
The mortgagee agrees to consent to any plan(s) of subdivision which the mortgagor may seek to register, from
time to time, on the mortgaged Property and to execute such plan and any other municipal documentation required
to permit the registration thereof. The mortgagor, its successors and assigns, shall however, provide the
municipality with a performance bond to guarantee the completion of such services, as may be required. Legal
costs are to be borne by the mortgagor.
The mortgagee agrees that the mortgagor shall have the right to have the Property or any part registered at the
Land Titles Office, and the mortgagee agrees to execute all documents required by the mortgagor with respect
thereto. Legal costs are to be borne by the mortgagor.
The mortgagee agrees, upon written notice, to execute consents and all other documents which are required to
enable the mortgagor to change the official plan, if any, and to rezone the Property to a zoning suitable to the
mortgagor, or to amend any bylaws and to support such application for rezoning or amending of the bylaws and to
cooperate with the mortgagor in all reasonable respects, provided that all out-of-pocket expenses shall be paid by
the mortgagor.
The mortgagee agrees to the dedication of all roads and other lands required by the municipal and provincial
authorities on any proposed plan(s) of subdivision and to a discharge of such lands, as may be required, for such
municipal purposes from the mortgage given back, without additional payment other than normal legal costs for
the mortgagee.
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7.10 EASEMENTS
If the mortgagor is required to grant easements of any kind to municipal authorities, other governmental authorities
or utility companies for the supply and/or installation of gas, telephone, electricity, water, sewer, railroad or other
similar services, the mortgagee agrees to postpone the mortgage in favour of a grant of such easement without
charge other than the usual legal fees and disbursements.
7.11 ZONING
The Seller warrants that the Property is zoned _______________________________________ under bylaw
_________ for the city/municipality of _________________________________________.
The Seller warrants that all the mechanical, electrical, heating, air compressors, freight elevators, conveyor
systems, boilers, air conditioning systems and all their related equipment on the Property shall be in good working
order on Completion Day.
The Buyer shall have the first right to negotiate on any piece of equipment that the Seller intends to sell.
The Seller agrees to repair any openings or holes in the walls, floors, ceilings or window areas left from the removal
of equipment. Such repairs of openings or holes should first be discussed with the Buyer. The Seller will leave all
drains in the floor in an open and working condition.
The Seller agrees, at its own expense, to remove any machinery or equipment mountings protruding from the walls
and the floors and repair any damage caused by the removal of any machine or equipment mountings.
7.16 REAL PROPERTY REPORT, BUILDING PLANS, MECHANICAL DRAWINGS AND EQUIPMENT
WARRANTIES
The Seller agrees to supply, at its own expense, a real property report of the Lands and Buildings thereon. Also, the
Seller agrees to supply all building plans, mechanical drawings, any other plans and all warranties and service
manuals (if available) applicable to any equipment included in the Purchase Price.
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7.17 WORK ORDERS
The Seller represents that there are no outstanding work orders against the Property by any municipal or other
government authority. If there are any, the Seller agrees to comply with them forthwith, at its own expense, prior to
Completion Day.
This Offer is subject to the Buyer performing and being satisfied with an inspection of the Property by
____________________________________ (date).
The Buyer acknowledges having inspected the Property thoroughly prior to submitting this Offer and understands
that, upon the Seller accepting the Offer, there shall be a binding Purchase Contract between the Buyer and the
Seller.
Upon acceptance of this Contract, the Buyer will be allowed to enter the Property from time to time by first
receiving permission from the Seller, for the purpose of speaking with and obtaining the necessary operating
information from the appropriate people connected with the heating, electrical, maintenance and any other related
utility service in the building.
7.21 SERVICES
The Seller covenants that all services required for a new building on the Property are to be available to the Buyer
and include water mains and sanitary and storm sewer mains.
The Seller warrants that all municipal services have been installed in front of the Property and are available for the
use of the Buyer upon payment of the usual connection charges. Services include electric, water, gas and sanitary
and storm sewers.
The Seller warrants that the well and septic system meet the requirements of the local health authorities. This
warranty shall not merge on closing. The Buyer or its representative may obtain a water sample for the purposes of
testing same prior to Completion Day.
The Seller agrees to remove all its equipment and storage containers and any other materials or debris now located
in the parking area, and to leave this area in a clean and usable condition.
7.25 LIGHTING FIXTURES
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All lighting fixtures throughout the Property are included in the Purchase Price and are to be left in working order.
7.26 FLOORS
The Seller agrees to clean, repair and/or remove any floor coverings damaged by the spillage of acids or any other
chemicals in those sections of the building as indicated by the Buyer.
7.27 CLEANING
The Seller agrees to leave the buildings on the Property, including the floors, in a clean and broom swept condition.
All things being purchased shall remain at the risk of the Seller until Completion Day.
Note: The following rental clauses have been developed for the sale of small rental properties
(e.g. duplexes and triplexes, etc.). For large multi-unit complexes, special conditions will
apply and expert assistance should be sought.
The Buyer hereby authorizes and directs the Seller, when this Contract becomes unconditional, to give to the
Tenant(s) the requisite notices, under the Landlord and Tenant Act (Alberta), requiring vacant possession of the
Property for use by the Buyer or its immediate family effective as of
_____________________________________________ (date).
The Seller represents and warrants that the _____________________ (Property, basement or _____ floor apartment)
is occupied by ______________________________ as a monthly Tenant at the rate of $_______________________
per month, with a security deposit of $____________________________________ and
____________________________________________________________ (insert items included in rent) payable on the
__________ day of each month. The Seller agrees to deliver to the Buyer, on or before Completion Day, an
acknowledgement signed by the said Tenant confirming the foregoing terms. The parties agree that this
representation and warranty shall survive and not merge on completion of this transaction, but apply only to those
circumstances existing at completion of this transaction.
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(b) Where There is a Single Tenant With a Lease
The Buyer agrees to assume the existing tenancies, as set out in the attached Schedule _______, which the Seller
warrants are the only tenancies affecting the Property.
[the Schedule should itemize categories such as Apartment #, Tenant Name, Tenancy, Security Deposit,
Expiry Date, Rent Due Date, Prepaid Rent, and Tenancy Particulars (Items Included in Rent)]
The actual lease documents should be attached as a Schedule to the Contract. If there
are too many documents, consider making the Offer conditional upon inspection of the
tenancy agreements.
8.3 WARRANTIES
The Seller represents and warrants to the best of its knowledge that, during the period of its ownership, the
Property has been rented in accordance with the Landlord and Tenant Act (Alberta), and that any rent increase has
been effected in accordance with the legislation. The parties agree that this representation and warranty shall
survive and not merge on completion of this transaction, but apply only to those circumstances existing at the
completion of this transaction.
The Seller represents and warrants, to the best of its knowledge, that there are no disputes between the Seller as
Landlord and any Tenant relating to the state of repair of the Leased Space, the payment of rents, or other material
items concerning the Tenants’ lease agreements other than as specifically set out in this Purchase Contract. The
parties agree that these representations and warranties shall survive and not merge on completion of this
transaction but apply only to those circumstances existing at completion of this transaction.
The actual lease documents should be attached as a Schedule to the Contract. If there are too
many documents, consider making the Offer conditional upon inspection of the tenancy
agreements.
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9. LEASING CONDITIONS – OFFER TO PURCHASE
This Offer is subject to the Buyer arranging a lease for the space satisfactory to the Buyer by
_________________________________________ (date). This condition is for the sole benefit of the Buyer.
In almost all instances whereby the Buyer is taking over an existing lease, the Landlord
will need to approve the assignment or sublease (see 9.3 below).
The Buyer will assume all payments, obligations and covenants of the existing lease covering the business being
purchased. This Offer is subject to the Buyer receiving, perusing and being satisfied with the lease by
___________________________________ (date). This condition is for the sole benefit of the Buyer.
This Offer is conditional upon the approval of the terms by the Landlord’s lawyer. Unless the Landlord gives notice
in writing delivered to the Tenant or the Tenant’s brokerage by _______________________________ (date) that this
condition is fulfilled, this Offer shall be null and void and the Deposit shall be returned to the Tenant in full. This
condition is included for the sole benefit of the Landlord and may be waived at its option by notice in writing to the
Tenant within the time period stated above.
This Offer is subject to the Landlord’s written approval of the assignment of lease/sublease by
______________________________________ (date). This condition is for the benefit of the Buyer.
Upon acceptance of this Offer, the Seller agrees to provide the Buyer with true copies of all leases affecting the
Property. Should the leases be unacceptable to the Buyer, the Buyer shall have the right, exercisable within
______________ days, to terminate this Purchase Contract by giving written notice to the Seller. The Deposit shall
be returned to the Buyer and this Contract shall be null and void.
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9.7 CREDIT CHECK
This Offer is conditional upon the Landlord satisfying itself concerning the personal and/or creditworthiness of the
Tenant. The Landlord hereby notifies the Tenant that the Landlord may procure and cause to be prepared a
consumer report concerning personal or credit information respecting the Tenant and that the consumer report is
to be or may be referred to by the Landlord in connection with this transaction. Unless the Landlord gives notice in
writing delivered to the Tenant or the Tenant’s brokerage by ________________________________________ (date)
that this condition is satisfied or waived, this Offer shall become null and void and the Deposit shall be returned to
the Tenant without deduction. This condition is included for the sole benefit of the Landlord and may be waived at
its option by notice in writing to the Tenant within the time period stated above.
The Tenant shall obtain an occupancy permit from the relevant municipality prior to taking occupancy. Should an
occupancy permit be unobtainable prior to the date set for occupancy, at the option of the Tenant, this Contract
and the lease, if signed, shall become null and void and the Tenant’s Deposit shall be returned without delay or
deduction.
The Tenant shall have __________ days from the date of acceptance of this Offer to satisfy himself that the
Property is zoned in final and binding form under the relevant zoning bylaws and official plan to permit it to develop
or use the Property for the purpose of _________________________. If the Tenant is not so satisfied at its sole and
arbitrary discretion, it may terminate this Contract by giving notice to the Landlord prior to the expiry of such
period that the condition has not been fulfilled. The Deposit shall be returned to the Tenant without deduction and
the Tenant shall be deemed to have waived this condition.
Subject to the Buyer receiving, perusing and being satisfied with the franchise agreement by
_________________________________________ (date). This condition is for the sole benefit of the Buyer.
The Seller warrants that there are no financial statements and will provide to the Buyer a statement under oath
setting forth the terms and conditions of the possession of the Property together with any subletting of the
Property, the liabilities of the business and any books of account in its possession.
Subject to the Buyer receiving, perusing and being satisfied with the statement under oath by
_________________________________________ (date). This condition is for the sole benefit of the Buyer.
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10.2 SALE OF SMALL BUSINESS
The Buyer is buying solely the business known as _____________________________________________ and located
at _______________________________________________________________________________________ (address).
The Purchase Price includes all assets, unattached and attached goods listed as included in the sale of the
business, except inventory on hand, subject to the Buyer receiving and approving such list by
_______________________________________ (date). This condition is for the sole benefit of the Buyer.
10.3 INVENTORY
Inventory to be purchased separately at a price to be mutually agreed upon by the Seller and the Buyer.
OR
Inventory to be included in the Purchase Price at a declared value of $ ______________________________________.
Provided that the Seller may still offer the Property for sale to other prospective Buyers, and in the event of its
obtaining another acceptable Offer, it may give the Buyer 2 days’ notice in writing. Within the 2 specified days, the
Buyer may void the contingent clause in this Offer by notice in writing and proceed to a completion of this
transaction. Unless the Buyer elects to void the contingent clause, the Seller shall be free to accept an Offer from
another Buyer and refund the Deposit paid with this Contract and neither the Seller nor its brokerage shall be liable
for any damages or costs.
The Buyer is aware that there is another accepted conditional Offer on the Property. The Seller accepts this Offer
from ____________________________, subject to the condition in the previous Offer not being fulfilled by
____________________ (date). If, however, the condition in the previous Offer is fulfilled, then this Offer will be null
and void and the Deposit will be returned to the Buyer without deduction. The Seller shall notify the Buyer
immediately, in writing, of the success or failure to fulfill the above condition within the time allowed.
The Buyer shall have the privilege of assignment of this Offer and any agreement resulting from it, to any company
incorporated, or to be incorporated, or to any person or firm (or combination thereof), on or after acceptance,
provided that this transaction does indeed close. The Seller agrees to complete this Purchase Contract with the
said assignee, as if the assignee were the Buyer. Upon closing, the Buyer shall be relieved of any covenants,
obligations, and/or liabilities contained herein, subject to the assumption thereof by the said assignee. In the event
that the transaction does not close due to the Seller’s default, the Buyer shall be relieved of all liability herein.
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10.8 BUYER ACTS FOR UNDISCLOSED PRINCIPAL
It is understood and agreed that _________________________ is acting in trust for an unidentified Buyer, and that
_____________________________________ is a licensed industry member with _______________________________
(the brokerage) and ____________________/or other employees of __________________________ (the brokerage)
may have a direct or indirect interest in the Property.
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II. COMMERCIAL OFFER TO LEASE
1. LEASE TERMS
The Tenant and the Landlord agree that an accepted Offer to Lease shall form a completed lease and no other lease
will be signed between the parties.
The rent is to be on an absolutely net basis to the Landlord, and the Tenant agrees to pay as additional rent, its
proportionate share of the cost of operation and maintenance for the property, to include but not limited to water,
heat, power, administrative costs, garbage disposal, realty taxes, outside maintenance and building insurance
(except for structural repairs and items of a capital nature) including all costs of maintaining, repairing, replacing,
upkeep, servicing and including, without limiting the generality of the foregoing, other costs and expenses which
are defined in the Landlord’s lease. These common area costs are currently estimated to be $_______________ per
square foot per year and will be adjusted annually according to actual costs. At the end of the calendar year the
Landlord will itemize the common area costs, should the Tenant so request.
It is agreed that the lease arising from this Offer shall be based on a rental rate which includes the Landlord paying
realty taxes, outside maintenance, building insurance, heat, power, and water rates that pertain to the Leased
Space.
It is understood and agreed that the lease arising from this Offer shall be based on a gross rental rate which shall
include a net rental rate as well as the Tenant’s proportionate share of realty taxes, outside maintenance, building
insurance, heat, power and water rates. The taxes, maintenance and insurance have a base year of ______________
and are subject to yearly adjustments according to actual increases. Such increases above the base year shall be
paid proportionately by the Tenant.
It is understood and agreed that, provided a formal lease has been executed by both the Landlord and the Tenant,
the Tenant shall be granted possession of the Leased Space on _____________________________ (date), net rent
free to ________________________________ (date), in order to prepare the Leased Space for the operation of its
business, provided that the lease documents have been fully executed and the Tenant agrees to abide by all the
terms and conditions set out in the lease.
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1.6 GROSS RENT FREE
The Tenant shall have possession of the Leased Space until ______________________________ (date), gross rent
free until ___________________ (date) for the purpose of setting up the business, provided that the lease
documents have been fully executed and the Tenant agrees to abide by all the terms and conditions set out in the
lease.
The Tenant’s proportionate share of such common area expenses shall be defined as the area set out in this
Agreement divided by the total rentable area of the project, expressed as a percentage. For purposes herein, the
rentable area of the project is defined as ______________________ and the Tenant’s area shall be defined as
______________________.
In consideration of the sum of $______________________________ paid by the Tenant to the Landlord, the receipt
of which is hereby acknowledged, and in consideration of the Leased Space hereinafter recited, the Landlord gives
to the Tenant an option irrevocable within the time limit herein for acceptance, to purchase, free and clear of all
encumbrances, the property and Leased Space situated at _____________________________________ (address).
The option shall be open for acceptance up to _________________________ (date). The Purchase Price shall
contain the following terms:
(insert as needed)
The rent paid by the Tenant to the Landlord shall be ___________________ per annum, paid 1/12 monthly in
advance. This rate shall be on a __________________ basis to the Landlord.
The Tenant agrees that an increase of _________________ % will be in effect on the second year of this lease, in
accordance with the guidelines established under the applicable legislation.
The Tenant shall comply with all the bylaws of the Condominium Corporation.
1.12 PETS
The Tenant agrees to be responsible for any repair or replacement cost due to the presence of any pets on the
Leased Space. The Tenant further agrees that if pets are kept, the Tenant shall, at lease termination, have the
carpets professionally cleaned and make any repairs that may be necessary to restore any damages caused by
pets.
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1.13 SHOWING OF RENTED PROPERTY
The Tenant agrees to allow the Landlord or its brokerage to show the property at all reasonable hours to
prospective buyers or tenants, after giving the Tenant at least 24 hours written notice of such showing, and to allow
the Landlord to affix a “For Sale” or “For Rent” sign on the property.
2. LEASING CONDITIONS
This Offer to Lease is conditional upon the Landlord satisfying itself concerning the personal and/or credit
worthiness of the Tenant. The Tenant hereby consents to having the Landlord conduct or cause to be conducted a
personal and/or credit investigation in respect to the Tenant. Unless the Landlord gives notice in writing delivered
to the Tenant or to the Tenant’s brokerage by ____________________________________ (date) that this condition is
fulfilled, this Offer shall be null and void and the Deposit shall be returned to the Tenant in full. This condition is
included for the benefit of the Landlord and may be waived at its option by notice in writing to the Tenant within the
time period stated above.
This Offer to Lease is conditional upon the approval of the Tenant’s Board of Directors until
_____________________ (date) and to take effect from the date of acceptance of the Offer to Lease by both parties.
Failing such approval, this Offer to Lease shall become null and void and all Deposit monies returned in full to the
Tenant.
The Tenant agrees to pay the cost of all utilities required on the Leased Space during the term of the lease and any
extension thereof, including but not limited to electricity, water, sewer and gas or other fuel. The Tenant further
agrees to provide proof to the Landlord on or before the date of possession that the services have been transferred
to the Tenant’s name.
The Landlord shall pay real estate taxes (condominium fees and parking, if applicable) and maintain fire insurance
on the Leased Space. The Tenant acknowledges the Landlord’s fire insurance on the Leased Space provides no
coverage on the Tenant’s personal property.
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4. MAINTENANCE OF PROPERTY
It is agreed and understood that no openings may be made in the roof and/or walls of the Leased Space without the
prior written consent of the Landlord. Should the Landlord consent to such work, it shall be done and maintained
in a professional manner at the sole cost of the Tenant.
The Landlord covenants during the term of this lease to make structural repairs, at its sole cost and expense, to the
roof, exterior walls, foundations, drains and sewers of the building, caused by structural defects or weakness, and
all repairs for which the Tenant is not responsible, unless caused by the misconduct or negligence of the Tenant
(reasonable wear and tear and damage by fire, lightning and tempest only excepted).
The Landlord warrants that all mechanical, heating, ventilating, air conditioning equipment (HVAC), and electrical
equipment will be in good working order, normal wear and tear excepted, on or before possession.
The Tenant may install in, upon, or about the Leased Space any signs and advertising materials which shall remain
the property of the Tenant, which the Tenant may remove upon the expiration of the lease, provided that all damage
caused is repaired and the Leased Space left in good repair. All signs and location(s) are to be approved
beforehand in writing by the Landlord (such consent not to be unreasonably withheld) and must conform with all
municipal and local bylaws.
The Tenant shall keep the lawns in good condition and shall not injure or remove the shade trees, shrubbery,
hedges or any other tree or plant which may be in, upon or about the Leased Space, and shall keep the sidewalks in
front and at the sides of the Leased Space free of snow and ice.
The Tenant agrees to provide general maintenance for the swimming pool located on the property including
cleaning, use of chemicals, opening and winterizing of the pool. The Landlord shall be responsible for the upkeep
of the equipment including both unattached and attached goods associated with the operation of the pool.
The Landlord may wish to reserve the right to open and/or winterize the pool.
20
4.7 ALTERATIONS AND IMPROVEMENTS
The Landlord shall provide alterations and improvements as detailed in Schedule _______ attached, at its own
expense, in good and workmanlike manner prior to the commencement of the lease.
The Tenant may make any necessary alterations and improvements to the Leased Space, at its own expense,
subject to the Landlord’s written consent, such consent not to be unreasonably withheld. The Tenant may,
however, make any necessary minor internal improvements to the Leased Space, at its own expense, without the
Landlord’s consent.
The Landlord agrees to have the carpets professionally cleaned prior to the commencement of the lease at the
Landlord’s cost, and the Tenant shall have the carpets professionally cleaned at the end of the lease term at the
Tenant’s cost.
The Tenant agrees not to make any decorating changes to the Leased Space without the express written consent of
the Landlord or its authorized representative.
As an inducement for the Tenant to enter into a lease contract with the Landlord, the Landlord covenants that it will
carry out the following work prior to the Tenant taking possession, at no cost to the Tenant:
(insert as needed)
The Tenant shall provide the Landlord within 3 days of acceptance of this Offer, a layout sketch showing the area
that the Landlord is to improve for the Tenant.
The Tenant may, at its own expense, and subject to the written approval of the Landlord, install any fittings,
fixtures, and partitions that may be necessary for the operation of its business, from time to time during the lease
terms, provided that upon termination of the lease term or renewal thereof, the Tenant shall, at the option of the
Landlord, restore the Leased Space to its original condition, at no cost to the Landlord.
21
4.13 WORKMANLIKE MANNER
Any work carried out by the Landlord or the Tenant, its employees, agents or contractors shall be done in a
workmanlike and professional manner.
The Landlord may require that all mechanical, electrical, roofing and structural work to be done with respect to the
Leased Space by the Tenant at any time, be carried out by the Landlord’s contractors and employees at the
Tenant’s costs, such costs to be competitive with the prices obtained by the Tenant from its contractors.
The following appliances belonging to the Landlord are to remain on the property for the Tenant’s use:
(include itemized list with description, make, model and serial number)
The Landlord represents and warrants that the appliances listed on this Offer to Lease will be in good working
order at the commencement of the lease term. The Tenant agrees to maintain the appliances in a state of ordinary
cleanliness at the Tenant’s cost.
The Tenant shall have the right of first refusal on adjacent space if and when such space becomes available. In the
event that the Landlord receives an Offer which it finds acceptable, it shall notify the Tenant in writing, and the
Tenant shall have 72 hours to match the Offer, failing which the Tenant shall have lost its right of first refusal. For
purposes herein, adjacent space shall be deemed to be on either of the first floor above, on the first floor below and
adjoining space on the same floor as the subject unit.
Provided that the Tenant is current in its obligations to the Landlord, it shall have the right of first refusal to
purchase the property, subject to the following conditions. In the event that the Landlord shall receive a bona fide
Offer to purchase the property, he shall so notify the Tenant in writing, and provide a copy of the Offer. Upon
receipt of the Offer, the Tenant shall have ______________ hours to match the terms of the Offer, failing which, the
said right of first refusal shall become null and void, and the Landlord shall be at liberty to accept the first Offer. In
the event the Tenant does not match the first Offer, it shall be deemed to have permanently lost this right of first
refusal. In the event that the Tenant does not match the first Offer, and the proposed transaction with the Buyer
fails to close, this right of first refusal shall be returned to the Tenant. Should the Tenant exercise the said right of
first refusal, the Landlord agrees to pay the brokerage so named in this Agreement (or its successor companies) a
fee of $_______________________________________________________.
22
6.3 RIGHT OF FIRST REFUSAL: NON-CONFIDENTIALITY OF OFFER
This Offer will not be confidential and will be shared with the party who has the right of first refusal.
Upon completion, the Seller shall provide the Buyer with a notice to all Tenants advising them of the new owner
and requiring all future rents to be paid as the Buyer directs. The Seller will pay to the Buyer any rent paid to the
Seller in error or in violation of the direction for a period of _________ months following completion of the sale,
after which the Seller may refuse to accept rent from Tenants or return it to them.
Lawyers for parties will treat rent deposits and interest thereon as part of the adjustment
process.
The Seller shall, at the earliest legally permitted time prior to completion of the sale, give notices of rent increases,
at the statutory rate or as otherwise agreed between the Buyer and the Seller, and provide the Buyer proof of
proper service thereof.
Pending completion, the Seller shall not give any notices of rent increases.
6.7 SELLER SHALL NOT RENEGOTIATE LEASES PRIOR TO COMPLETION WITHOUT BUYER
INSTRUCTION
Unless otherwise agreed between the Buyer and the Seller, the Seller shall not renegotiate any leases after this
Agreement becomes unconditional.
The Seller shall make reasonable attempts to renegotiate leases with current Tenants (for terms not to exceed
_________ years) as agreed between the Buyer and the Seller.
The parties agree that if the actual rent, including any planned increases as declared in this Agreement, is less than
the rent warranted, including any planned increases by the Seller, then the parties agree that the Seller shall pay
the Buyer as liquidated damages, the amount of the differences times a factor of _________, as either an
adjustment on the Purchase Price of the property or as a separate payment at the sole discretion of the Buyer.
The factor is negotiable between the parties but is often based on the ratio between the
overall purchase price and gross rent (gross rent multiplier).
23
6.10 AREA MEASUREMENT
The Landlord and the Tenant agree that, should the actual square footage differ from the area stated herein, the
annual rate shall be adjusted to reflect the actual square footage of the Leased Space.
Attached hereto as Schedule _____ is a copy of the Landlord’s standard lease form, which the Landlord will alter to
reflect the business terms defined in this Agreement, and the Tenant agrees to sign the lease subject to reasonable
changes as negotiated between the parties. In the event of a difference or contradiction between this Offer and the
standard lease form, the terms of the lease as so negotiated shall prevail (save for manifest error).
It is understood and agreed that the contract resulting from the acceptance of this Offer shall be as expressly set
out herein and in the Schedules attached hereto, and except as expressly set out herein and in the attached
Schedules hereto, there are no collateral or other representations, warranties, conditions or agreements of the
Landlord and none shall be implied.
The parties to this Agreement acknowledge that the real estate brokerage and its representatives so named in this
Offer have recommended that they obtain advice from their legal counsel prior to signing this document. The
parties further acknowledge that no information provided by the real estate brokerage or its representatives is to be
construed as expert legal, tax or environmental advice.
Prior to the Tenant taking possession of the Leased Space, the parties shall execute the lease in the form attached
hereto as Schedule ____ of the Offer to Lease.
6.15 ASSIGNMENT
The Tenant shall have the right to assign its interests under this lease to a limited company, partnership or person.
The Tenant agrees to send written notice of its intention to assign to the Landlord and obtain the Landlord’s written
approval prior to any assignment. Such approval shall not be arbitrarily withheld or delayed.
It is understood and agreed between the parties that the Tenant may assign the lease to a company, partnership or
joint venture in which it has financial interest without consent of the Landlord, provided that the Tenant shall not be
relieved of any liability it may have under this Agreement.
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6.17 GUARANTOR
The obligations created by the Tenant shall be jointly and severally assumed by the guarantor, whose name is
identified at the end of this Agreement and the guarantor agrees to be bound by the terms herein. In the
enforcement of its rights under this guarantee, the Landlord may proceed against the guarantor as if the guarantor
were named as Tenant under this lease.
The Tenant shall have the option to cancel the lease at any time during the lease term, provided that the Tenant
gives the Landlord at least 30 days written notice of its intention to cancel, and provided that the Tenant is not in
default at the time of giving such notice, or at the time of termination itself. The payment for this option shall be a
cancellation fee equivalent to ___________ months net rental, paid in advance, at the rates in effect at the time of
cancellation, payable at the time of giving notice of the intention to cancel.
At any time after ___________________________ (date), should the Landlord undertake to proceed with full or
partial demolition of the building, then upon ______ full calendar months’ written notice from the Landlord to the
Tenant, of the Landlord’s undertaking to demolish the building, the Tenant agrees to vacate the Leased Space and
surrender the unexpired portion of the lease term, at the expiry of the time period stated above. Upon surrender of
the Leased Space, the Landlord shall pay to the Tenant by way of compensation for improvements an amount
standing in the same proportion to the cost to the Tenant of leasehold improvements made by the Tenant pursuant
to the provisions of the lease or with the consent of the Landlord as the unexpired portion of the terms stands to
the period of time from the Tenant’s payment of such cost to the end of the unexpired portion of the term.
The Tenant covenants that it will comply with all municipal zoning bylaws governing the use of the Leased Space.
It is understood and agreed by both parties that the Deposit cheque will not be cashed or certified until the Offer to
Lease is accepted. After acceptance, the Deposit monies shall be put into the brokerage’s trust account or other
form of security as directed on the Offer.
6.22 ARBITRATION
All disputes or differences arising in regard to the Agreement shall be settled by arbitration in accordance with the
Arbitration Act (Alberta) or any subsequent legislation in effect at the date of commencement of such arbitration.
25
III. AGRICULTURAL OFFER TO PURCHASE
Note: Matters involving both zoning and surveys are typically more complex and expensive with
respect to agricultural properties. Professional advice should be sought when dealing
with these properties.
1. LAND RESTRICTIONS
The Seller hereby declares to the Buyer, and the Buyer acknowledges, understands and accepts that this Property
is subject to certain reservations of the Crown, specifically but not limited to
______________________________________________________ (describe the specific limitations and reservations).
The Buyer acknowledges that the original road allowance is not closed and consequently is not part of the Property
being sold under this Purchase Contract.
The Buyer acknowledges that the original road allowance is not closed and consequently is not part of the Property
being sold under this Purchase Contract, and that the improvements on the Property may encroach on the
unowned road allowance.
This Offer is conditional upon the Buyer determining at its own expense that:
(a) the Property being purchased has at least ________________ (insert appropriate frontage dimension)
metres/feet of frontage on _______________ (name of waterway);
(b) no road allowance, open or unopened, or other public or private lands exist which will interfere with the right of
the Buyer to use and enjoy the said frontage; and
(c) that there are no unregistered rights or easements.
Unless the Buyer gives notice in writing delivered to the Seller by ____________________________ (date) that these
conditions have been fulfilled, this Offer shall become null and void and the Deposit shall be returned to the Buyer
in full. These conditions are included for the sole benefit of the Buyer and may be waived at its option by notice in
writing to the Seller within the time period stated above.
The Seller agrees to assign, and the Buyer agrees to assume, the existing surface lease on the Property with
_____________________ (insert name of Tenant), a copy of which is attached as Schedule ________.
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1.6 SURFACE LEASE – OPTION TO PURCHASE
During the term of this surface lease, the Buyer shall have the option of purchasing the Property for a sum of
$___________________________________________ which is not included in the lease price.
This Offer is conditional upon the land owner consenting to the assignment of the surface lease to the Buyer.
Unless the Buyer gives notice in writing delivered to the Seller by __________________________________ (date)
that this condition has been fulfilled, this Offer shall become null and void and the Deposit shall be returned to the
Buyer in full. The Buyer hereby agrees to proceed immediately to make an application and provide such material
as may be required by the land owner for approval of the Buyer as tenant.
This clause is a true condition precedent and neither the Seller nor a Buyer is entitled to
waive this condition at its option.
This Offer is conditional upon the Buyer determining, at its own expense, that a building permit for the structure
indicated on Schedule ______ attached is available with respect to the Property. Unless the Buyer gives notice in
writing to the Seller by ______________________________ (date) that this condition has been fulfilled, this Offer
shall become null and void and the Deposit shall be returned to the Buyer in full. This condition is included for the
sole benefit of the Buyer and may be waived at its option by notice in writing to the Seller within the time period
stated above.
The Seller represents and warrants, to the best of its knowledge and belief, that:
(a) the buildings now located on the Property are located wholly on the Property and comply with all zoning and
municipal bylaws; and
(b) the driveways serving the Property are located wholly within the limits of the Property and the entrances
relating to such driveways have been approved by the appropriate municipal authority.
3. ACCESS
This Offer is conditional upon the Buyer determining, at its own expense, that all vehicular entrances to and exits
from the Property onto public roadways have been approved under the appropriate legislation. Unless the Buyer
gives notice in writing delivered to the Seller by __________________________________ (date) that this condition
has been fulfilled, this Offer shall become null and void and the Deposit shall be returned to the Buyer in full. This
condition is included for the sole benefit of the Buyer and may be waived at its option by notice in writing to the
Seller within the time period stated above.
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3.2 ROAD ACCESS BY OPEN PUBLIC ROAD
This Offer is conditional upon the Buyer determining, at its own expense, that access by vehicle to the Property is
by a public road which is maintained at public expense throughout the year. Unless the Buyer gives notice in
writing delivered to the Seller by ___________________________________ (date) that this condition has been
fulfilled, this Offer shall become null and void and the Deposit shall be returned to the Buyer in full without interest.
This condition is included for the sole benefit of the Buyer and may be waived at its option by notice in writing to
the Seller within the time period stated above.
The Seller represents and warrants, to the best of its knowledge and belief, that the Property fronts on (choose the
appropriate statement):
(a) A road which is maintained on a year round basis at public expense.
OR
(b) A road which is maintained on a seasonal basis at public expense.
OR
(c) A road which is not maintained at public expense.
The parties agree that this representation and warranty shall survive and not merge on completion of this
transaction, but apply only to the state of the Property existing at the completion of this transaction.
The Buyer acknowledges that the private road accessing the Property is maintained by the
___________________________ (insert name of appropriate authority), at an annual cost of $ ________________ for
each Property.
The Buyer acknowledges that the _____________ (road/path/lane) to the Property may be an unregistered
easement. The Seller shall provide to the Buyer, on or before Completion Day, a statutory declaration or
declaration establishing that the existing ___________ (road/path/lane) has been used by the Seller and/or
predecessors in title to gain access to the said Property for a period of ___________ years.
28
4. SERVICES (WATER AND SEWER)
Note: Sale of property with a well and/or septic system involves specialized knowledge. Expert
advice should be sought.
This Offer is conditional upon the Buyer determining at its own expense that:
(a) all sewage systems serving the Property have received all required certificates of installation and approval
pursuant to the Environmental Protection and Enhancement Act (Alberta);
(b) all sewage systems serving the Property have been constructed in accordance with the said certificate of
installation and approval; and
(c) all sewage systems serving the Property have received all required use permits under the Act or any other
legislation.
Unless the Buyer gives notice in writing delivered to the Seller by __________________________________ (date)
that this condition has been fulfilled, this Offer shall become null and void and the Deposit shall be returned to the
Buyer in full. This condition is included for the sole benefit of the Buyer and may be waived at its option by notice
in writing to the Seller within the time period stated above.
The Seller represents and warrants, to the best of its knowledge and belief, that:
(a) all sewage systems serving the Property are wholly within the limits of the said Property, and have received
the required certificates of installation and approval pursuant to the Environmental Protection and
Enhancement Act (Alberta);
(b) all sewage systems serving the Property have been constructed in accordance with the said certificates of
installation and approval; and
(c) all sewage systems serving the Property have received all required use permits under the Act or any other
legislation.
The parties agree that these representations and warranties shall survive and not merge on completion of this
transaction, but apply only to the state of the Property existing at the completion of this transaction.
The Seller represents and warrants, to the best of its knowledge and belief, that, during its occupancy of the
dwelling, the sewage system has operated satisfactorily and was installed according to the provisions of the health
authorities having jurisdiction at the time of installation. Further, the Seller agrees to provide any and all
documentation within its possession relating to the sewage system to the Buyer prior to the last date set for
examining title. The parties agree that this representation and warranty shall survive and not merge on completion
of this transaction, but apply only to the state of the Property existing at completion of this transaction.
The Seller agrees to the supply the Buyer, prior to the Completion Day, a current certificate of potability (within the
last 30 days) from the local health authority having jurisdiction over the area stating that the water is safe for
human consumption.
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4.5 WATER SUPPLY – BUYER’S CONDITION
This Offer is conditional upon the Buyer determining at its own expense that:
(a) there is an adequate and potable water supply; and
(b) the pump and all related equipment serving the Property are in proper operating condition.
Unless the Buyer gives notice in writing delivered to the Seller by ________________________________ (date) that
these conditions have been fulfilled, this Offer shall become null and void and the Deposit shall be returned to the
Buyer in full. These conditions are included for the sole benefit of the Buyer and may be waived at its option by
notice in writing to the Seller within the time period stated above.
The Seller represents and warrants, to the best of its knowledge and belief, that during its occupancy of the
Property, the pump and all related equipment serving the Property have performed adequately, and that the well is
capable of supplying a water volume of not less than _______________ gallons per minute at standing level. The
parties agree that this representation and warranty shall survive and not merge on completion of this transaction,
but apply only to the state of the Property at completion of this transaction.
This Offer is conditional upon the Buyer receiving from the Seller a well certificate, prepared by a qualified well
driller, attesting that the well is capable of supplying a water volume of not less than ___________ gallons per
minute at standing level. Unless the Seller delivers this well certificate to the Buyer or the Buyer’s brokerage by
__________________________ (date), this Offer shall become null and void and the Deposit shall be returned to the
Buyer in full. This condition is included for the sole benefit of the Buyer and may be waived at its option by notice
in writing to the Seller within the time period stated above.
The Seller shall be permitted the exclusive right to remain upon and continue to use the Property in its current use,
free of any payment of rent for a period of ________________________ or until __________________ from the
Completion Day, provided, however, that the Seller shall, during such period, maintain the lands in good and
workmanlike repair and not permit waste. The Seller shall pay taxes, electricity, heat, any and all applicable utilities
and insurance premiums during its tenancy. The Buyer shall have free access to the lands and reasonable access
to the buildings forming part of the Property during the tenancy of the Seller, without interference to the Seller.
The Seller shall be permitted to remove all personal property, equipment and machinery from the Property either
during or upon completion of its tenancy.
30
URBAN RESIDENTIAL PROPERTY DISCLOSURE STATEMENT
Purpose of Statement
This statement is a voluntary disclosure of the condition of the Property for sale and other information known by the Seller. This
disclosure statement constitutes a representation under any Purchase Contract if so agreed in writing by the Seller and the
Buyer.
The Seller is responsible for the completion and accuracy of the answers on this form.
The Seller should indicate either Y (yes), N (no), ? (no knowledge) or n/a (not applicable).
1. Does the Property comply with the current government and municipal guidelines or
constitute a lawful, non-conforming building? Y N ? n/a
2. To the best of your knowledge, are the exterior walls (above grade) insulated? Y N ? n/a
3. To the best of your knowledge, is the ceiling insulated? Y N ? n/a
4. To the best of your knowledge, are the basement walls insulated? Y N ? n/a
5. Is the basement a preserved wood foundation or concrete? ____________________________________
If preserved wood foundation, is an engineer’s certificate available? Y N ? n/a
6. Did you have a home inspection report completed when you purchased the Property? Y N ? n/a
If yes, did it indicate any significant repairs needed that have not been done? Y N ? n/a
7. Do you have a real property report that reflects the current state of improvements to the Property?
(e.g. detached garage, fences, decks, sheds, etc.) Y N ? n/a
Does the real property report have a stamp of compliance? If yes, date __________________________ Y N ? n/a
8. Has the wood stove/fireplace insert been inspected and approved by local authorities? Y N ? n/a
9. Are all items to be included in the transaction free and clear of all encumbrances? Y N ? n/a
If no, list items _______________________________________________________________________
10. Does the Property contain unauthorized accommodation? Y N ? n/a
If yes, alter Listing and Purchase Contracts.
11. Are you aware of any additions or alterations made without a required permit? Y N ? n/a
12. Are you aware of any structural problems with the house and/or improvements? Y N ? n/a
13. To the best of your knowledge, have any improvements ever contained asbestos? Y N ? n/a
14. To the best of your knowledge, have any improvements ever contained urea formaldehyde insulation? Y N ? n/a
15. Are you aware of any unregistered encroachments, easements or rights-of-way on this Property? Y N ? n/a
16. Are you aware of any unregistered encroachments, easements or rights-of-way by your Property
on neighbouring properties? Y N ? n/a
17. Have you received any notice or claim affecting the Property from any person or entity? Y N ? n/a
18. Have you received any insurance settlements where the work has not been done? Y N ? n/a
19. Are you aware of any roof leakage or unrepaired damage? (age of roofing _______ years) Y N ? n/a
Indicate type of roofing: ________________________________________________________________
20. Are you aware of any problems with the heating/air conditioning/ventilation systems? Y N ? n/a
21. Are you aware of any problems with the electrical system, switches or receptacles? Y N ? n/a
22. Are there any extension cords stapled to baseboards or under carpets/rugs? Y N ? n/a
23. Are there any hidden defects under the floor coverings or in the walls? Y N ? n/a
24. Are you aware of any problems with the plumbing system? Y N ? n/a
25. Are you aware of any problems with a jetted tub, hot tub and/or swimming pool? Y N ? n/a
The Seller is responsible for the completion and accuracy of the answers on this form.
The Seller should indicate either Y (yes), N (no), ? (no knowledge) or n/a (not applicable).
26. Are you aware of problems with any appliances or mechanical items to be included in this transaction? Y N ? n/a
27. Are you aware of any moisture and/or water problems in the house or any other part of the Property? Y N ? n/a
28. Are you aware of any past or present flooding or drainage problems on the Property? Y N ? n/a
29. Are you aware of any excessive settling, slippage, sliding or soil problem? Y N ? n/a
30. Does the Property have any problems with retaining walls cracking or bulging? Y N ? n/a
31. Are you aware of any damage due to weather, fire, water, insects or rodents? Y N ? n/a
32. Other than those stated above, are you aware of any other latent (hidden) defects on the Property? Y N ? n/a
33. Are you aware of any environmental concerns on the Property or otherwise affecting the Property? Y N ? n/a
If yes, has an environmental audit been completed? (if yes, attach copy) Y N ? n/a
34. Are you aware of any fees for usage of parks, lakes, community centres, etc.? (amount $_____________) Y N ? n/a
35. Is this Property of historical significance in the opinion of a government authority? Y N ? n/a
36. Are there any conditional sales contracts or equipment leases? (e.g. water softener, alarm system) Y N ? n/a
If yes, what is the payout? _____________________ Number of months remaining _______________
The Buyer acknowledges that it has received and read a signed copy of this disclosure statement from the Seller or the Seller’s
brokerage on the ___________ day of __________________________, ___________. The Buyer also acknowledges that this is not
a warranty of any kind by the Seller or by any brokerage representing the Seller in this transaction, and is not a substitute for any
inspection or warranties the Buyer may wish to obtain. The prudent Buyer will use this disclosure statement as the starting point for its
own inquiries.
The Seller and the Buyer understand that neither the Seller’s brokerage or Buyer’s brokerage or their representatives warrant or
guarantee the above information on the Property.
Rural Code
0002 Acme 0360 Coalhurst 0149 Hill Spring 0969 Nordegg 9334 Rural Vulcan County
0603 Aetna 0070 Cochrane 0984 Hoadley 0237 Norglendwold 9340 Rural Warner County
0003 Airdrie 0665 Cochrane Lake 0730 Hobbema 0238 Okotoks 9159 Rural Waterton I.D.
0606 Aldersyde 0669 Compeer 0154 Hussar 0239 Olds 9349 Rural Wheatland County
0607 Alhambra 0670 Condor 0731 Huxley 0974 Orion 9353 Rural Willow Creek M.D.
0005 Alix 0672 Conrich 0733 Iddesleigh 1060 Orton 0317 Scandia
0608 Altario 0073 Consort 0734 Indus 0241 Oyen 0832 Schuler
0611 Ardley 0075 Coronation 0180 Innisfail 1061 Parkland 0833 Sedalia
0010 Arrowwood 0076 Coutts 0735 Iron Springs 0374 Parkland Beach 0834 Seebe
0987 Balzac 0077 Cowley 0183 Irricana 0897 Patricia 0835 Seven Persons
0387 Banff 0673 Craigmyle 0184 Irvine 0248 Penhold 0836 Shaughnessy
0363 Barnwell 0078 Cremona 0990 Janet 0249 Picture Butte 0837 Shepard
0013 Barons 0079 Crossfield 0379 Jarvis Bay 0250 Pincher Creek 1053 Shouldice
0017 Bassano 0361 Crowsnest Pass 0739 Jenner 0804 Pincher Station 0838 Sibbald
0618 Beaver Mines 0675 Dalemead 0740 Joffre 0254 Ponoka 0975 Skiff
0620 Beazer 0676 Dalroy 0999 Johnson’s Addition 0972 Priddis 0842 Spring Coulee
0022 Beiseker 0678 De Winton 0743 Kathryn 0973 Priddis Greens 0900 Springbrook
0622 Benalto 0681 Del Bonita 0747 Keoma 0807 Purple Springs 0843 Spruce View
0623 Benchlands 0989 Delacour 0965 Kimball 0808 Queenstown 0849 Stand Off
0024 Bentley 0083 Delburne 1052 Kirkcaldy 0809 Rainier 0295 Standard
0027 Big Valley 0084 Delia 0751 Kirriemuir 0810 Ralston 0297 Stavely
0625 Bindloss 0682 Diamond City 0755 Lac des Arcs 0261 Raymond 0298 Stettler Town
0028 BirchCliff 0683 Dickson 0194 Lacombe 0262 Red Deer 0300 Stirling
0030 Black Diamond 0088 Didsbury 0757 Lake Louise 0813 Red Willow 0303 Strathmore
0031 Blackfalds 0089 Donalda 0758 Langdon 0264 Redcliff 0852 Suffield
0032 Blackie 0685 Dorothy 0966 Leavitt 0816 Richdale
0388 Sunbreaker Cove
0629 Bluffton 0532 Drumheller 0985 Leedale 0266 Rimbey
0307 Sundre
0038 Botha 0093 Duchess 0760 Leslieville 0267 Rochon Sands
0854 Sunnynook
0988 Bottrel 0687 Dunmore 0203 Lethbridge 0268 Rocky Mountain House
0855 Swalwell
0039 Bow Island 0689 Eagle Hill 0205 Linden 0270 Rockyford
0310 Sylvan Lake
0040 Bowden 0095 Eckville 0986 Linn Valley 0825 Rolling Hills
0311 Taber
0631 Bragg Creek 0102 Elnora 0207 Lomond 0827 Rosebud
0857 Tees
0632 Brant 0103 Empress 0208 Lonview 0272 Rosemary
0316 Three Hills
0043 Brooks 0692 Enchant 0768 Lousana 0992 Rowley
0831 Tilley
0633 Brownfield 0693 Endiang 0769 Lowland Heights 0274 Rumsey
0319 Torrington
0045 Burdett 0695 Ensign 0770 Lundbreck 9164 Rural Banff I.D.
0414 Burnstick Lake 0696 Erskine 0771 Lyalta 9382 Rural Bighorn M.D.
1054 Travers
0642 Byemoor 0697 Etzikom 0773 Madden 9053 Rural Cardston County
0320 Trochu
0048 Camrose 0698 Exshaw 0211 Magrath 9377 Rural Clearwater County
0864 Turin
0050 Canmore 0106 Fairview 0776 Manyberries 9361 Rural Crowsnest Pass
0321 Turner Valley
0051 Carbon 0706 Fleet 0778 Markerville 9376 Rural Cypress County
0326 Vauxhall
0052 Cardston 0112 Foremost 0217 Medicine Hat 9111 Rural Foothills M.D.
0866 Veinerville
0054 Carmangay 0115 Fort Macleod 0785 Michichi 9118 Rural Forty Mile County 0330 Veteran
0055 Caroline 0121 Gadsby 0218 Milk River 9373 Rural Kananaskis I.D. 0333 Vulcan
0651 Carseland 0712 Gem 0786 Millarville 9191 Rural Kneehill County 0380 Waiparous
0056 Carstairs 0123 Ghost Lake 0220 Milo 9194 Rural Lacombe County 0870 Walsh
0964 Carway 0126 Gleichen 0223 Mirror 9204 Rural Lethbridge County 0872 Wardlow
0058 Castor 0128 Glenwood 0787 Monarch 9226 Rural Mountain View County 0339 Warner
0059 Cayley 0135 Granum 0788 Monitor 9235 Rural Newell County 0873 Water Valley
0060 Cereal 0136 Grassy Lake 1059 Moon River Estates 9235 Rural Newell County 0874 Waterton Park
0654 Cessford 0138 Gull Lake 0789 Morningside 9251 Rural Pincher Creek M.D. 0877 Welling
0061 Champion 0358 Half Moon Bay 0225 Morrin 9255 Rural Ponoka County 0967 Welling Station
0655 Chancellor 0140 Halkirk 0790 Mossleigh 9501 Rural Ranchland M.D. 0879 Westward Ho
0656 Cheadle 0141 Hanna 0791 Mountain View 9263 Rural Red Deer County 0365 White Sands
0356 Chestermere 0724 Harvie Heights 0228 Munson 9269 Rural Rocky View MD 0881 Wimborne
0659 Chin 0981 Haynes 0795 Namaka 9142 Rural Special Area 2 0970 Withrow
0660 Chinook 0725 Hays 0232 Nanton 9464 Rural Special Area 3 1062 Woodhouse
0065 Claresholm 0971 Heritage Pointe 0797 Nevis 9465 Rural Special Area 4 0968 Woolford
0066 Clive 1051 Herronton 0798 New Brigden 9296 Rural Starland County 0886 Wrentham
0067 Cluny 0148 High River 0799 New Dayton 9299 Rural Stettler County 0355 Youngstown
0069 Coaldale 0728 Hilda 0236 Nobleford 9312 Rural Taber M.D.